Pakistan’s forex reserves expected to reach $11.5bn: SBP governor
KARACHI - State Bank of Pakistan Governor Jameel Ahmad said on Monday the reduction in interest expense led to savings of Rs1,300 billion.The government's total interest expense for the fiscal year 2025 was estimated to be Rs8,500 billion compared with Rs9,800 billion projected in the budget for the current fiscal year.
He said the Asian Development Bank was likely to disburse around $500 million to Pakistan which would increase the forex reserves to more than $11.5 billion.Analysts said the governor highlighted a positive trend in Pakistan's external position during the first four months of the current fiscal year.
Earlier, the Monetary Policy Committee of the State Bank of Pakistan revised down the policy rate by 250 basis points to 15 percent, effective from Nov 5. The committee assessed that the tight monetary policy stance continued to play an important role in sustaining the downward trend in inflation.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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