Pakistan's return to hosting the ICC Champions Trophy after 29 years ended in disappointment. The team couldn't secure a single win and finished at the bottom of Group A. Their final match against Bangladesh in Rawalpindi was abandoned due to rain, leaving both teams winless in the tournament. The tournament began with a 60-run loss to New Zealand in Karachi. This was followed by a six-wicket defeat to arch-rivals India in Dubai, where Virat Kohli's unbeaten 100 guided India to victory. Captain Mohammad Rizwan acknowledged the high expectations and expressed disappointment in the team's performance. He emphasized the need to learn from their mistakes before their upcoming tour to New Zealand. This tournament marked Pakistan's first time hosting a global cricket event since 1996, adding to the weight of their underwhelming performance. The early exit has led to widespread discontent among supporters, with some fans in Karachi reportedly requesting to c...
Dollar will be cheaper, Pakistan's foreign exchange reserves rise by $ 1 billion 27 million in two months.
Dollar will be cheaper, Pakistan's foreign exchange reserves rise by $ 1 billion 27 million in two months.
Islamabad Dollar will be cheaper, Pakistan's foreign exchange reserves rise by $ 1 billion 27 million Reached the dollar level. According to details, foreign exchange reserves recorded an increase of $ 1 billion 27 million in the first two months of this fiscal year, according to data released by the State Bank. Of which the central bank's reserves are $ 1.8 billion, up from $ 1.8 billion.
Economic analysts say the exchange
The reserves of the country are currently equal to two months of imports, while according to the standards of the global financial institutions, reserves of any country must be equal to imports of at least 3 months.
On the other hand, reserves of commercial banks have risen by $ 9 million in two months to reach $ 7.29 billion. It should be noted that the increase in foreign exchange reserves was due to borrowings from the IMF and other financial institutions.
Pakistan's remittances have also increased. Due to this, the dollar value of Pakistan's currency market has also decreased. During the two months, the dollar has lost more than Rs 7 against the rupee. While the dollar is likely to fall further.
Economic analysts say the exchange
The reserves of the country are currently equal to two months of imports, while according to the standards of the global financial institutions, reserves of any country must be equal to imports of at least 3 months.
On the other hand, reserves of commercial banks have risen by $ 9 million in two months to reach $ 7.29 billion. It should be noted that the increase in foreign exchange reserves was due to borrowings from the IMF and other financial institutions.
Pakistan's remittances have also increased. Due to this, the dollar value of Pakistan's currency market has also decreased. During the two months, the dollar has lost more than Rs 7 against the rupee. While the dollar is likely to fall further.
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