Wednesday August 10, 2022
اردو
Dialogue Pakistan Dialogue Pakistan
Dialogue Pakistan Dialogue Pakistan
  • Citizen Journalism
  • Pakistan
  • World
  • Sports
  • Entertainment
  • Videos
    • Feature Videos
    • In House Videos
    • Mobile Footage
    • Documentaries
  • More
    • Features
    • Health
    • Sci-Tech
    • Business
    • In Pictures
    • Facebook
News

Pakistan’s forex reserves increase to about $20 bn, Senate told

by Web Desk January 22, 2021

AA

 Pakistan’s forex reserves increase to about $20 bn, Senate told

The Senate began its session at the parliament house in Islamabad on Friday with Chairman Sadiq Sanjrani in the chair.

The Senate was informed that the country’s foreign exchange reserves had increased to about 20 billion dollars.

Minister for Industries Hammad Azhar told the house during question hour that the State Bank of Pakistan had foreign exchange reserves of 12 to 13 billion dollars. He said the reserves have increased due to improvement in exports and remittances.

The Minister for Industries said there has also been a record debt servicing during the tenure of the present government. He said we are paying back ten billion dollars annually.

Hammad Azhar said the current account has shown a surplus of 1.6 billion dollars during the first five months of current financial year against a deficit of 1.7 billion dollars in the corresponding period last year.

The Minister for Industries said that special economic zones will be constructed under the mega China Pakistan Economic Corridor project. He said construction work on three SEZs has been expedited.  He said projects worth 1.7 billion dollars are in the phase of implementation in Gwadar under the CPEC. He said two projects have already been completed while seven projects worth 1.2 billion dollars projects are in the execution phase.

Post Views: 137

Share This:

Tags: $20 bn Country forex reserves Senate told
Previous post
Next post




Polls

Do you agree with the Supreme Court's verdict in Punjab CM election case?

View Results

Loading ... Loading ...
Most Recent
Entertainment

Japanese fashion designer Issey Miyake dies of

August 10, 2022
Business

Elon Musk sells nearly $7 billion worth

August 10, 2022
Citizen Journalism

Security guard arrested for beating pregnant woman

August 10, 2022
News

Shahbaz Gill arrested for sedition, inciting people

August 10, 2022
August 2022
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Jul    
Related Stories for you
university

Pakistan gets order for export of personal protective equipment: Senate told

June 5, 2020

ISLAMABAD: Adviser on Commerce Abdul Razak Dawood told the house on Friday that Pakistan had got orders for the export

Dialogue Pakistan

Citizen Journalism is the collection, dissemination and analysis of news by the people for the people especially by the means of internet. Dialogue Pakistan is the country’s first citizen journalism portal to provide Pakistanis an opportunity to get themselves heard aiming to encourage citizen journalism inculcated with ethical values.

Quick Links

اردو
About Us
Advertise
Careers
Contact

Category

Citizen Journalism
Pakistan
World
Sports
Entertainment
Features

Download our APP

Social Platforms

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • Youtube
Copyright 2022.Dialogue Pakistan. All Rights Reserved.