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      Danish parliament approves landmark bill to ban desecration of Quran

      Danish parliament approves landmark bill to ban desecration of Quran

      22 Palestinians killed over two days in Isreal’s air strike

      Two more IDF soldiers killed as Israel-Gaza War enters 61st day

      Nigerian Army drone strike accidentally kills 85 civilians

      Nigerian Army drone strike accidentally kills 85 civilians

      Manipur: Thousands flee after death toll reaches 54 in ethnic violence

      At least 13 killed in armed fighting in India’s ethnic riots-hit Manipur

      Gaza officials say more than 700 killed in overnight Israeli attacks

      Gaza fighting stretches into second day after Israel-Hamas truce collapses

      15 people killed in Israeli attack on Al-Shifa hospital in Gaza

      Isreal resumes attack soon after truce expires, dozens killed in Khan Younis

      US charges Indian national Nikhil Gupta with conspiracy to kill Sikh leader

      US charges Indian national Nikhil Gupta with conspiracy to kill Sikh leader

      American supermodel Gigi Hadid offers apology after sharing her views on Gaza situation

      American supermodel Gigi Hadid offers apology after sharing her views on Gaza situation

      US Osprey military aircraft with 8 crew crashes off Japan

      US Osprey military aircraft with 8 crew crashes off Japan

    • BUSINESS
      IMF postpones talks with Pakistan seeking details of flood relief expenditure

      Pakistani authorities ‘delivering’ economic front, says IMF official

      SECP registers 2414 companies in last month

      SECP registers over 27,000 new companies in FY2023

      PAC asks Prime Minister to scrap gas meter rent from consumers

      SNGPL seeks another tariff hike by 137%

      PM Kakar calls emergency meeting tomorrow over electricity inflated bills

      NEPRA declares K-Electric, power companies responsible for overbilling

      Gold price decreases Rs1,800 per tola

      Gold price soars Rs3100 per tola

      Pakistan’s trade deficit shrinks by 33.59pc in five months

      Pakistan’s trade deficit shrinks by 33.59pc in five months

      OGRA reduces prices of LPG for June 2023

      Saudi Arabia to provide $1 billion support to Pakistan in oil sector

      Saudi Arabia extends term for $3bn deposit to Pakistan

      World Bank urges consensus on reforms to revive Pakistan’s ailing economy

      World Bank raises policy shifts for ‘sustainable, productive’ Pakistan

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      Hania Aamir sparks dating rumours with Bollywood’s Badshah

      Hania Aamir sparks dating rumours with Bollywood’s Badshah

      Actor, host Nausheen Masud passes away

      Actor, host Nausheen Masud passes away

      Bobby Deol breaks silence on limited screen time in ‘Animal’

      Bobby Deol breaks silence on limited screen time in ‘Animal’

      Vicky Kaushal’s ‘Sam Bahadur’ struggles in Box Office clash with ‘Animal’

      Vicky Kaushal’s ‘Sam Bahadur’ struggles in Box Office clash with ‘Animal’

      “Sometimes Kabaddi Players Get Paid More Than Me”, Abhishek Bachchan

      “Sometimes Kabaddi Players Get Paid More Than Me”, Abhishek Bachchan

      Bargain bucket Harry Potter book ‘worth £60,000’

      Bargain bucket Harry Potter book ‘worth £60,000’

      Rani Mukerji, Kajol break silence on their cold war

      Rani Mukerji, Kajol break silence on their cold war

      British Pakistani Opera Star Saira Peter releases Maulana Rumi’s Qawwali fusion

      Saira Peter stuns audience at Lahore gymkhana

      I am a woman not a parcel, Alia Bhatt out bursts

      After Rashmika, Alia Bhatt falls prey victim of deepfake video

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      Scoring 100 international centuries ‘tough job’ for Kohli, says Brian Lara

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      Dhakha test: Spinners drag Bangladesh back into match

      Nida, Bismah reflect on Pakistan’s historic T20 series win over New Zealand

      Nida, Bismah reflect on Pakistan’s historic T20 series win over New Zealand

      PCB grants NOCs to Haris Rauf, Usama Mir, Zaman Khan for BBL

      PCB grants NOCs to Haris Rauf, Usama Mir, Zaman Khan for BBL

      Bangladesh secures historic win in Sylhet test as New Zealand fail trial by spin

      Bangladesh secures historic win in Sylhet test as New Zealand fail trial by spin

      Bangladesh near victory as New Zealand fail trial by spin

      Bangladesh near victory as New Zealand fail trial by spin

      Imad Wasim signs Melbourne Stars for Big Bash League 2023/24

      Imad Wasim signs Melbourne Stars for Big Bash League 2023/24

      Sarfraz ton saves Pakistan from defeat

      Shan Masood hints Sarfaraz Ahmed as first-choice wicketkeeper against Australia

      Namibia secure their place at ICC T20 World Cup 2024

      Namibia secure their place at ICC T20 World Cup 2024

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      A journey of economic success during the tenure of the Army Chief: Gen Syed Asim Munir

      A journey of economic success during the tenure of the Army Chief: Gen Syed Asim Munir

      PM Kakar approves plan to bring PayPal, Starlink to Pakistan

      PM Kakar directs for national strategy to meet climate change challenges

      Water, a vital nutrient for maintaining overall health, well-being

      How many glasses of water should you drink on a daily basis?

      Conquering Overthinking: Strategies for a Clearer Mind

      Conquering Overthinking: Strategies for a Clearer Mind

      Always Love Yourself First: Embracing Self-Love and Respect

      Always Love Yourself First: Embracing Self-Love and Respect

      Exploring the Path to Real Happiness: Living in the Present with Joy

      Exploring the Path to Real Happiness: Living in the Present with Joy

      No need to nullify NAB laws, Supreme Court

      PTI to return assembly if wants amendments in NAB laws, SCP

      IK including Bushra Bibi declares his assets including

      Imran Khan spend Rs900 m at Prime Minister Office between 2019 to 2021

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      SBP reserves fall $59m to $12.27bn

      Web Desk by Web Desk
      in BUSINESS, PAKISTAN
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      The foreign exchange reserves held by the central bank decreased 0.48 per cent on a WoW basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

      The foreign currency reserves held by the SBP on May 8 were recorded at $12,270.7 million, down $59 million compared with $12,329.4 million in the previous week.

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      According to the central bank, the decrease came mainly on account of external debt repayments.

      Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $18,744.5 million. Net reserves held by banks amounted to $6,473.8 million.

      Pakistan received the first loan tranche of $991.4 million from the IMF on July 9 last year, which helped bolster the reserves. In late December, the IMF released the second loan tranche of around $454 million.

      Previously, the reserves jumped on account of $2.5 billion in inflows from China.

      A couple of months ago, the SBP successfully made a foreign debt repayment of over $1 billion on the maturity of Sukuk.

      In December 2019, the foreign exchange reserves surpassed the $10-billion mark owing to inflows from multilateral lenders including $1.3 billion from the Asian Development Bank (ADB).

      Foreign investment of over $3 billion in the debt market in the current fiscal year also played an important role in the growing foreign currency reserves.

      Earlier, the reserves had spiralled downwards, falling below the $7-billion mark, which raised concern over Pakistan’s ability to meet its financing requirements. However, financial assistance from the United Arab Emirates (UAE), Saudi Arabia and other friendly nations helped shore up the foreign exchange reserves.

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      Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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