Default Level: SBP forex reserves hit 32-month low of $8.2bn

By Staff Reporter

KARACHI: State Bank of Pakistan’s (SBP) dollar stockpile hit a 32-month low of $8.2 billion from $8.99 billion last week, latest numbers revealed on Thursday, which leaves the country with an import cover for just 1.21 months, but a top-up of likely $2.3 billion from Chinese banks could lift them to a less critical level.

Read more

WASHINGTON DC: Colin D’Silva, Vice President, Cargill, Inc., in meeting with Masood Khan, Pakistan’s Ambassador to the United States. Handout photo.

US farm conglomerate eyeing investment in Pakistan

By Staff Reporter

KARACHI: The global food conglomerate Cargill, Inc., plans to enhance and diversify its investments in Pakistan in the fields of agriculture and bio industry, reports coming from the Embassy of Pakistan, Washington DC say.

Read more