• Skip to main content
  • Skip to after header navigation
  • Skip to site footer
The Halal Times

The Halal Times

Global Halal, Islamic Finance News At Your Fingertips

  • Home
  • Regions
    • Latin America
    • North America
    • Europe
    • Africa
    • Central Asia
    • South Asia
    • Australia
  • Marketing
  • Food
  • Fashion
  • Finance
  • Tourism
  • Economy
  • Cosmetics
  • Health
  • Art
  • Halal Shopping

Pakistan: Sukuk Receipt Pushes Dollar Reserves Up To $14b

foreign-reserves-pakistan
2014-12-12 by Hafiz M. Ahmed

foreign-reserves-pakistanPakistan’s much-needed foreign exchange reserves have risen to $ 14 billion during the last week.

The central bank Thursday reported to have counted the country’s dollar reserves in excess of $13.92 billion up to December 5. If the International Monetary Fund releases its widely expected fifth tranche of over a billion dollars by the end of this month, the country’s forex reserves would swell beyond $ 15 billion, as was claimed by Finance Minister Ishaque Dar. During the week under review, the SBP’s liquid foreign exchange reserves increased to $9.203 billion showing a growth of $ 981 million compared to $8.222 billion the bank held in the previous week.

This increase, the central bank attributed to a receipt of $ 1 billion against the issuance of Pakistan Sukuk Bonds. At least $ 41 million came from multilateral, bilateral and other sources, the bank said. “During the week, SBP made payments of $83 million on account of external debt servicing and other official payments,” it said. The reserves of banks other than State Bank stood at $ 4.71 billion.

Originally published on www.pakistantoday.com.pk

Author

  • Hafiz M. Ahmed

    Hafiz Maqsood Ahmed is the Editor-in-Chief of The Halal Times, with over 30 years of experience in journalism. Specializing in the Islamic economy, his insightful analyses shape discourse in the global Halal economy.

    View all posts

Like this:

Like Loading...

Related

Previous Post:Nakheel DubaiDubai’s Nakheel Says Paid $59.8m To Trade Creditor Sukuk
Next Post:First HK Sukuk Listed In Dubaihongkong-sukuk

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Sidebar

  • LinkedIn
  • X
  • Facebook
  • Instagram

The Halal Times

The Halal Times, led by CEO and Editor-in-Chief Hafiz Maqsood Ahmed, is a prominent digital-only media platform publishing news & views about the global Halal, Islamic finance, and other sub-sectors of the global Islamic economy.

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube

News

  • Home
  • Halal Shopping
  • Food
  • Finance
  • Fashion
  • Tourism
  • Cosmetics
  • Healthcare
  • Marketing
  • Art
  • Events
  • Video

Advertise

  • Advertise With Us
  • Zakat Calculator
  • Submit News
  • Subscribe

About

  • About
  • Write For Us
  • Contact Us

Copyright © 2025 · The Halal Times · All Rights Reserved ·

%d