Reserves rise to $20.88bn

Courtesy Dawn News KARACHI: The country’s total liquid foreign exchange reserves stood at $20.885 billion during the week ending April 1 compared to $20.424bn the previous week, the State Bank of Pakistan (SBP) said on Thursday. The SBP reserves increased by $490 million to $16.078bn from $15.588bn, and the other banks’ holdings were $4.807bn as…

TAPI gas pipeline investors to spend $200m on studies

Courtesy Dawn News ASHGABAT: Share­holders of a planned gas pipeline connecting Turk­menistan, Afghanistan, Pakistan and India (TAPI) agreed on Thursday to invest $200 million in studies and engineering for the $10 billion project. Turkmenistan, which sits on the world’s fourth-largest gas reserves, started building its section of the 1,814-kilometre (1,127-mile) link, designed to ease its…