Pak Tanks: Forex Reserves Plunge Threatening Imports, Scarcity of Meds, Firms Halt Ops
News 18In a sign of bleak times ahead for Pakistan, the foreign exchange reserves held by the country’s central bank — State Bank of Pakistan — fell to $4.5 billion, after the country returned over $1 billion loans of two foreign commercial banks, hardly enough to finance 25 days of import. US GAVE HELP The United States provided about USD 60 million in humanitarian assistance for Afghan refugees in Pakistan and Pakistani host communities during 2022, the US ambassador said on Thursday. “In Fiscal Year 2022 alone, the US provided nearly USD 60 million in assistance to the refugees and their host communities," the US embassy said in a statement, quoting ambassador Donald Blome. He also said that the United States has provided more than USD 273 million since 2002 for the Afghan refugees and thanked Pakistan for “generously hosting Afghan refugees for more than four decades." This US assistance is increasing school enrolment for Afghan and Pakistani children in Khyber Pakhtunkhwa and Balochistan; improving Pakistani healthcare services and boosting nutrition programs in areas hosting Afghans; promoting livelihood activities for refugees and host communities; improving water, sanitation, and hygiene infrastructure; and supporting recovery from the health and economic effects of the COVID-19 pandemic, according to the embassy statement.
History of this topic
)
Pakistan imports threatened as forex reserves hit eight-year low
FirstpostDiscover Related
)
)
)
)
)
)
)
)
