Home » Pakistan paid one billion dollars of international bonds

Pakistan paid one billion dollars of international bonds

by admin
Pakistan paid one billion dollars of international bonds

KARACHI: The State Bank says that Pakistan has successfully implemented the payment of one billion dollars worth of international bonds on April 12, 2024.

State Bank added that this payment was made to the agent bank for distribution to the bondholders, which included principal and interest.

According to the latest data, Pakistan’s foreign exchange reserves have stabilized somewhat in recent weeks, with reserves held by the State Bank increasing by $19 million on a weekly basis to reach $8.04 billion as of March 29.

The total foreign exchange reserves of the country were 13.38 billion dollars. Net foreign exchange reserves of commercial banks stood at $5.34 billion. The payment will reduce the State Bank’s reserves to about $7 billion, but Pakistan expects to receive money from the International Monetary Fund (IMF).

See also  The third flood this year occurred in the Hanjiang River in the Pearl River Basin. The Ministry of Water Resources launched a flood prevention level IV emergency response - Xinhuanet Client

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy