{"id":62261,"date":"2020-03-04T16:33:06","date_gmt":"2020-03-04T11:33:06","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62261"},"modified":"2020-03-04T16:33:07","modified_gmt":"2020-03-04T11:33:07","slug":"rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html","title":{"rendered":"Rising foreign exchange reserves might avert IMF\u2019s help: SBP governor"},"content":{"rendered":"\n<p>Islamabad: State Bank of Pakistan (SBP) Governor Reza Baqir on Tuesday said that Pakistan\u2019s rising foreign exchange reserves might revert the need to seek International Monetary Fund\u2019s (IMF) help, a news source reported. As per the publication, Baqir briefed the Public Accounts Committee (PAC) of parliament on the monetary policy.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/imf-pakistan-agree-terms-second-review.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SBP announces surge in foreign investments (opens in a new tab)\">SBP announces surge in foreign investments<\/a><\/p>\n\n\n\n<p>The governor informed the committee that foreign exchange reserves observed an increase of PKR 9.5 billion since July 2019. He expressed his confidence in the rising foreign exchange reserves of the country and said that inflation had dropped by 2 percent, while the dollar exchange rate also decreased from PKR 162 to PKR 155. The inflation rate will expectedly remain about 11 percent in the financial year 2019-20 (FY 2019-20), he added.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sukkur-hyderabad-motorway-m-6-nha-roadshow.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Sukkur-Hyderabad Motorway presented at roadshow to attract foreign investment (opens in a new tab)\">Sukkur-Hyderabad Motorway presented at roadshow to attract foreign investment<\/a><\/p>\n\n\n\n<p>Previously, the IMF announced that it had reached a <a href=\"https:\/\/www.zameen.com\/news\/imf-pakistan-agree-terms-second-review.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"staff-level agreement  (opens in a new tab)\">staff-level agreement <\/a>with Pakistani authorities on the reforms and policies, which are needed to conduct the second review for the release of the IMF package. It is expected that the said review will be completed till April and followed with the IMF releasing a USD 450 million package.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: State Bank of Pakistan (SBP) Governor Reza Baqir on Tuesday said that Pakistan\u2019s rising foreign exchange reserves might revert the need to seek International Monetary Fund\u2019s (IMF) help, a news source reported. As per the publication, Baqir briefed the Public Accounts Committee (PAC) of parliament on the monetary policy. Read: SBP announces surge in foreign investments The governor informed the committee that foreign exchange reserves observed an increase of PKR 9.5 billion since July 2019. He expressed his confidence in the rising foreign exchange reserves of the country and said that inflation had dropped by 2 percent, while the dollar exchange rate also decreased from PKR 162 to PKR 155. The inflation rate will expectedly remain about 11 percent in the financial year 2019-20 (FY 2019-20), he added. Read: Sukkur-Hyderabad Motorway presented at roadshow to attract foreign investment Previously, the IMF announced that it had reached a staff-level agreement with Pakistani authorities on the reforms and policies, which are needed to conduct the second review for the release of the IMF package. It is expected that the said review will be completed till April and followed with the IMF releasing a USD 450 million package.<\/p>\n","protected":false},"author":76,"featured_media":62262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15016,15020],"tags":[7793,20876,21854,21853],"persona":[],"class_list":{"0":"post-62261","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-new-developments","9":"category-social-developments","10":"tag-foreign-exchange-reserves","11":"tag-fy-2019-20","12":"tag-rising-foreign-exchange-reserves-might-avert-imfs-help","13":"tag-state-bank-of-pakistan-sbp","14":"cat-15015-id","15":"cat-15016-id","16":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rising foreign exchange reserves might avert IMF\u2019s help - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: State Bank of Pakistan (SBP) Governor Reza Baqir on Tuesday said that Pakistan\u2019s rising foreign exchange reserves might revert the need\" \/>\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\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rising foreign exchange reserves might avert IMF\u2019s help - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: State Bank of Pakistan (SBP) Governor Reza Baqir on Tuesday said that Pakistan\u2019s rising foreign exchange reserves might revert the need\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-04T11:33:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-04T11:33:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/SBP-Governor.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Noor Rehman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Noor Rehman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rising foreign exchange reserves might avert IMF\u2019s help - Zameen News","description":"Islamabad: State Bank of Pakistan (SBP) Governor Reza Baqir on Tuesday said that Pakistan\u2019s rising foreign exchange reserves might revert the need","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html","og_locale":"en_US","og_type":"article","og_title":"Rising foreign exchange reserves might avert IMF\u2019s help - Zameen News","og_description":"Islamabad: State Bank of Pakistan (SBP) Governor Reza Baqir on Tuesday said that Pakistan\u2019s rising foreign exchange reserves might revert the need","og_url":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2020-03-04T11:33:06+00:00","article_modified_time":"2020-03-04T11:33:07+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/SBP-Governor.jpg","type":"image\/jpeg"}],"author":"Noor Rehman","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Noor Rehman","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html"},"author":{"name":"Noor Rehman","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/718378171443de9c5aeab691248bc465"},"headline":"Rising foreign exchange reserves might avert IMF\u2019s help: SBP governor","datePublished":"2020-03-04T11:33:06+00:00","dateModified":"2020-03-04T11:33:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html"},"wordCount":202,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/SBP-Governor.jpg","keywords":["foreign exchange reserves","FY 2019-20","Rising foreign exchange reserves might avert IMF\u2019s help","State Bank of Pakistan (SBP)"],"articleSection":["Legal &amp; Taxation","New Developments","Social Developments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html","url":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html","name":"Rising foreign exchange reserves might avert IMF\u2019s help - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/SBP-Governor.jpg","datePublished":"2020-03-04T11:33:06+00:00","dateModified":"2020-03-04T11:33:07+00:00","description":"Islamabad: State Bank of Pakistan (SBP) Governor Reza Baqir on Tuesday said that Pakistan\u2019s rising foreign exchange reserves might revert the need","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/SBP-Governor.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/SBP-Governor.jpg","width":1170,"height":400,"caption":"Dr. Reza Baqir, Governor, State Bank of Pakistan Presenting the memento to Mr. David Malpass World Bank President, during the Launching ceremony of \u201cNational Payment Strategy\u201d at Learning Resource Centre State Bank of Pakistan (SBP) Karachi on November 1, 2019"},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/rising-foreign-exchange-reserves-avert-imfs-help-sbp-governor.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Rising foreign exchange reserves might avert IMF\u2019s help: SBP governor"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/718378171443de9c5aeab691248bc465","name":"Noor Rehman","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/05ae7b14a17c4fc89175ecf7dde699c5f5988a8b07f242526d142d216ca54a99?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/05ae7b14a17c4fc89175ecf7dde699c5f5988a8b07f242526d142d216ca54a99?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/05ae7b14a17c4fc89175ecf7dde699c5f5988a8b07f242526d142d216ca54a99?s=96&d=mm&r=g","caption":"Noor Rehman"},"sameAs":["https:\/\/www.zameen.com\/"],"url":"https:\/\/www.zameen.com\/news\/author\/rehman"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/62261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=62261"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/62261\/revisions"}],"predecessor-version":[{"id":62263,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/62261\/revisions\/62263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/62262"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=62261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=62261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=62261"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=62261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}