International Reserves in Pakistan
Pakistan - International ReservesPakistan looks increasingly unstable as it grapples with persistent economic imbalances. The trade deficit further widened over the same month last year in August, although stronger remittance inflows should partly offset it. At its first meeting, the newly formed Economic Advisory Council discussed measures such as an import ban on cheese and other consumer goods to curb the current account deficit, which ballooned in FY 2018 due to robust imports stemming from higher oil prices and projects linked to the China-Pakistan Economic Corridor. Foreign exchange reserves have been falling as a result and many analysts expect Pakistan may soon turn to the IMF for a bailout. It could, however, first seek assistance from China or Saudi Arabia to avoid IMF requirements.
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||11.00||0.0 %||Sep 20|
|Exchange Rate||123.7||-0.05 %||Sep 20|
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