17.06.2024, 21:39
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ISLAMABAD:As foreign currency reserves are at an uncomfortable level, the government has entered into a short-term arrangement with foreign banks for financing oil imports on t chanclas yeezy hree-month deferred payment, a step adidas samba that is expected to give some boost to the country s reserves.According to sources, the government is borrowing under FE-25, a deferred payment facility, whereby banks are allowed to utilise and invest their deposits in financing imports.This arrangement has helped Pakistan State Oil (PSO) and other importers of oil to delay the clearance of letters of credit (LCs), which would have further reduced the foreign currency reserves. This way, the FE-25 loan has saved foreign exchange temporarily, an official remarked.Foreign reserves held by the State Bank of Pakistan (SBP) stood at $3.92 billion on February 28, according to latest data released by the central bank. This amount gives an import cover for only 1.1 months.Sources said the Ministry air max donna of Finance had engaged foreign bank ISLAMABAD:The upper house on Monday witnessed rumpus as Pakistan Peoples Party (PPP) Senator Bahramand Tangi launched nike 90 a diatribe against Prime Minister Imran Khan saying the premier had failed鈥?to live up to the expectations of people.Commenting on the budget for the next fiscal year, he remarked that the outlay was anti-state and anti-poor鈥?Tangi criticised the premier saying that he had not fulfilled the promises he made before coming to power. Political parties get vote from people on the basis of their manifesto. Imran Khan had said if he did not implement the manifesto [of PTI] after becoming prime minister, it would mean he [Imran] is a puppet鈥?he said. Imran had pledged to bring an end to poverty and unemployment and said that he would commit suicide if he had to approach the IMF, vowed to keep 15 ministers in the cabinet and not rule the country through his friends and provide five million houses and 10 million jobs鈥?he added. Did the current prim stanley brand e minister implement newbalance schuhe any one
ISLAMABAD:As foreign currency reserves are at an uncomfortable level, the government has entered into a short-term arrangement with foreign banks for financing oil imports on t chanclas yeezy hree-month deferred payment, a step adidas samba that is expected to give some boost to the country s reserves.According to sources, the government is borrowing under FE-25, a deferred payment facility, whereby banks are allowed to utilise and invest their deposits in financing imports.This arrangement has helped Pakistan State Oil (PSO) and other importers of oil to delay the clearance of letters of credit (LCs), which would have further reduced the foreign currency reserves. This way, the FE-25 loan has saved foreign exchange temporarily, an official remarked.Foreign reserves held by the State Bank of Pakistan (SBP) stood at $3.92 billion on February 28, according to latest data released by the central bank. This amount gives an import cover for only 1.1 months.Sources said the Ministry air max donna of Finance had engaged foreign bank ISLAMABAD:The upper house on Monday witnessed rumpus as Pakistan Peoples Party (PPP) Senator Bahramand Tangi launched nike 90 a diatribe against Prime Minister Imran Khan saying the premier had failed鈥?to live up to the expectations of people.Commenting on the budget for the next fiscal year, he remarked that the outlay was anti-state and anti-poor鈥?Tangi criticised the premier saying that he had not fulfilled the promises he made before coming to power. Political parties get vote from people on the basis of their manifesto. Imran Khan had said if he did not implement the manifesto [of PTI] after becoming prime minister, it would mean he [Imran] is a puppet鈥?he said. Imran had pledged to bring an end to poverty and unemployment and said that he would commit suicide if he had to approach the IMF, vowed to keep 15 ministers in the cabinet and not rule the country through his friends and provide five million houses and 10 million jobs鈥?he added. Did the current prim stanley brand e minister implement newbalance schuhe any one