{"id":55041,"date":"2019-09-08T10:07:40","date_gmt":"2019-09-08T05:07:40","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=55041"},"modified":"2019-09-06T12:39:42","modified_gmt":"2019-09-06T07:39:42","slug":"forex-reserves-increase-by-usd-9mn","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/forex-reserves-increase-by-usd-9mn.html","title":{"rendered":"Forex reserves increase by USD 9mn"},"content":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) has revealed that its liquid foreign exchange (forex) <a href=\"https:\/\/www.zameen.com\/news\/sbp-foreign-exchange-reserves-rise-to-usd-8-19-billion.html\" target=\"_blank\" rel=\"noopener noreferrer\">reserves<\/a> have increased by USD 9 million, according to a news source. This data is accurate up to August 30, 2019.<\/p>\n<p>This increase meant that the total reserves went up to USD 8.280 billion. This increase has been attributed to various tax amnesty schemes and to the measures introduced to facilitate the ease of doing business initiative in Pakistan. Previously, the reserves had improved due to financial aid packages offered by allies such as the UAE, Saudi Arabia, and China.<\/p>\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/online-banking-facility-suggested-for-overseas-pakistanis.html\" target=\"_blank\" rel=\"noopener noreferrer\">Online banking facility suggested for overseas Pakistanis<\/a><\/p>\n<p>As per reports, overseas Pakistanis have also contribute significantly to the forex reserves of Pakistan through remittances. The government is taking measures to accommodate these overseas Pakistanis, so that the reserves improve further. These initiatives include simplifying bank procedures and facilitating the opening of foreign currency accounts. Such measures are expected to result in the contribution of over USD 30 billion in foreign remittances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) has revealed that its liquid foreign exchange (forex) reserves have increased by USD 9 million, according to a news source. This data is accurate up to August 30, 2019. This increase meant that the total reserves went up to USD 8.280 billion. This increase has been attributed to various tax amnesty schemes and to the measures introduced to facilitate the ease of doing business initiative in Pakistan. Previously, the reserves had improved due to financial aid packages offered by allies such as the UAE, Saudi Arabia, and China. Read: Online banking facility suggested for overseas Pakistanis As per reports, overseas Pakistanis have also contribute significantly to the forex reserves of Pakistan through remittances. The government is taking measures to accommodate these overseas Pakistanis, so that the reserves improve further. These initiatives include simplifying bank procedures and facilitating the opening of foreign currency accounts. Such measures are expected to result in the contribution of over USD 30 billion in foreign remittances.<\/p>\n","protected":false},"author":58,"featured_media":23688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12901,7712,6066],"persona":[],"class_list":{"0":"post-55041","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-foreign-remittances","8":"tag-forex-reserves","9":"tag-sbp"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forex reserves increase by USD 9mn - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) has revealed that its liquid foreign exchange (forex) reserves have increased by USD 9 million, according to a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/forex-reserves-increase-by-usd-9mn.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex reserves increase by USD 9mn - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) has revealed that its liquid foreign exchange (forex) reserves have increased by USD 9 million, according to a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/forex-reserves-increase-by-usd-9mn.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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