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Dollar reserves will augment from next week: SBP

KARACHI: Speaking to the members of FPCCI on Wednesday (18th of Jan 2023), SBP Governor Jameel Ahmad stated that Pakistan’s dollar reserves would commence augmenting from next week.

Citing the Mettis Global Report he said that maturing projects would assist improving the Forex reserves that dropped to $4.34 Billion on 6th of Jan, 2023 (lowest since 2014).

Presently, Pakistan’s foreign reserves can only cater to three weeks of imports.

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.