Pakistan's financing needs fully met for this year, says SBP chief

Pakistan's financing needs fully met for this year, says SBP chief

The statement comes just days after Dr Murtaza Syed, the acting governor of State Bank of Pakistan (SBP), had conveyed a similar position to Bloomberg, saying then that Pakistan remains in a position to meet its elevated funding needs, while the crucial International Monetary Fund (IMF) bailout programme "puts a lot of daylight between Pakistan and more vulnerable countries".

Read the story here: SBP says concerns about Pakistan 'unfairly overblown'

However, fears have risen over Pakistan's stuttering economy that saw its currency fall over 8% against the US dollar in the last trading week, while SBP-held forex reserves stand below $10 billion with inflation at the highest in more than a decade.

 

Retrieved from: https://www.brecorder.com/news/40187709/pakistans-financing-needs-fully-met-for-this-year-says-sbp-chief 

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