International Reserves in Pakistan
Pakistan - International ReservesThe economy had a mixed start to FY 2019, which began in July. In the first quarter, the current account deficit narrowed slightly from the same period in FY 2018. This was due to higher remittance inflows, particularly from the United States, the United Kingdom and the Middle East. These inflows helped to outweigh a sharp rise in the import bill, which itself was stoked by higher oil prices. However, the rupee has lost significant value against the USD since the first quarter ended, hitting multi-year lows in October, which could further inflate import costs going forward. More positively, in recent weeks Saudi Arabia and China have both agreed to provide financial support to Pakistan.
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||12.20||0.0 %||Nov 13|
|Exchange Rate||134.4||-0.05 %||Nov 13|
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