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SBP Foreign Exchange Reserves Rise by $33 Million, Reaching $9.44 Billion The State Bank of Pakistan (SBP) witnessed a modest increase in its foreign exchange reserves, which rose by $33 million on a weekly basis, bringing the total reserves to $9.44 billion as of August 30, 2024. This marks the second consecutive week of growth in the country’s forex reserves, …

Pakistan Seeks $1.75 Billion in Loans from International Financial Institutions Pakistan is seeking $1.75 billion in loans from three major international financial institutions as part of its broader strategy to meet essential financing needs. According to top sources, the Finance Ministry has applied for loans from the Islamic Trade Finance Corporation (ITFC), the Islamic Development Bank (IDB), and Standard Chartered …

Gold Prices See a Sharp Decline in Pakistan Amid Global Market Trends Gold prices in Pakistan witnessed a notable decrease for the second consecutive session on Wednesday, aligning with the downward trend in international markets. The price of gold per tola (approximately 11.66 grams) fell by Rs1,400, bringing the rate down to Rs260,100. This drop reflects the broader global trend, …