International Reserves in Pakistan
Pakistan - International ReservesThe economy will likely finish Fiscal Year 2018, ending in June 2018, on a solid note, supported by robust domestic demand, a recovery in agriculture and stronger manufacturing output. However, recently released data shows growing weaknesses in the economy at the tail end of FY 2018. The trade deficit widened further in May despite stronger export growth. Moreover, rising oil prices and weaker capital inflows are weighing on the balance of payments. Consequently, on 11 June, the Central Bank devalued the PKR for the third time since December. The move followed last month’s rate hike, which was aimed at containing external sector pressures. In recent news, Former Chief Justice of Pakistan Nasirul Mulk was sworn in as caretaker prime minister on 1 June.
Pakistan - International Reserves Data
|International Reserves (USD)||8.5||11.8||16.0||20.9||18.7|
5 years of economic forecasts for more than 30 economic indicators.
Pakistan International Reserves Chart
Source: State Bank of Pakistan
|Bond Yield||9.50||0.0 %||Jul 13|
|Exchange Rate||121.8||-0.05 %||Jul 13|
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