Pakistan's central bank reserves fall to $10.5 billion

A labourer drinks tea over a loaded cart at a market area in Karachi, Pakistan, on January 6, 2022. (AFP/File)
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Updated 28 April 2022
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Pakistan's central bank reserves fall to $10.5 billion

  • The bank reserves have dropped more than $5 billion since March
  • Pakistan recently sought an increase in the size and duration of IMF loan

ISLAMABAD: Pakistan's central bank reserves have fallen to $10.5 billion, while the country's total liquid reserves, including those held by commercial banks, stood at $16.6 billion, the bank said on Thursday.

Pakistan has seen a sharp decline in central bank reserves, which have dropped more than $5 billion since March, mainly due to debt and other external payments.

"During the week ended on 23-April-2022, SBP reserves decreased by US$ 328 million to US$ 10,558.2 million, due to external debt and other payments," the bank said in a statement.

The South Asian nation has sought an increase in the size and duration of a $6 billion IMF program agreed in 2019.

 


Pakistan U19 to open tri-series against Afghanistan on Saturday in Zimbabwe

Updated 26 December 2025
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Pakistan U19 to open tri-series against Afghanistan on Saturday in Zimbabwe

  • Pakistan enter the tournament as U19 Asia Cup champions after beating India by 191 runs in Dubai
  • The tri-series is seen as key preparation for next month’s U19 World Cup in Zimbabwe and Namibia

ISLAMABAD: Pakistan’s under-19 cricket team will begin their tri-series campaign against Afghanistan on Saturday in Harare, using the tournament as a key preparation for next month’s ICC Men’s U19 World Cup co-hosted by Zimbabwe and Namibia.

Pakistan, the reigning ACC Men’s U19 Asia Cup champions, are competing in the 50-over tri-series alongside Afghanistan and hosts Zimbabwe, with each team playing the others twice before the top two advance to the final on Jan. 6.

Pakistan won the eight-team Asia Cup in Dubai earlier this month, beating India by 191 runs in the final, and will play a minimum of four matches in the tri-series, starting at Harare Sports Club on Saturday.

“The Asia Cup was a good win for us and the players showed great morale and intensity,” Pakistan captain Farhan Yousaf said, according to the Pakistan Cricket Board (PCB). “The tri-series is very important for the players and will help us find the right combinations ahead of the ICC Men’s U19 World Cup.”

Pakistan will face Zimbabwe on Dec. 29 before meeting Afghanistan again on Jan. 2, followed by a second match against the hosts on Jan. 4. Matches will be played across venues in Harare, including Harare Sports Club, Prince Edward School and Sunrise Sports Club.

The tri-series is being seen as an important warm-up ahead of the U19 World Cup, which will be held from Jan. 15 to Feb. 6. Pakistan are placed in Group C and will play all their group-stage matches in Harare.

“The conditions here are similar and will be beneficial for our World Cup preparations,” Yousaf said. “Both teams in the tournament are strong and competitive and we respect every opposition as we look forward to a competitive event.”

Pakistan will open their World Cup campaign against England on Jan. 16, followed by matches against Scotland and Zimbabwe, with the Super Six stage beginning on Jan. 25 and the final scheduled for Feb. 6 at Harare Sports Club.