| By Scott Jenkins
Several situations, including when takeaway capacity is limited at remote oil-well sites, result in methane flaring. To avoid wasting that resource, several strategies have been…

| By Scott Jenkins
Several situations, including when takeaway capacity is limited at remote oil-well sites, result in methane flaring. To avoid wasting that resource, several strategies have been…

It’s the first Moon of the new year, and we’re just a couple of days away from the Full Moon. It’s nice and bright tonight, so if you have a clear sky, enjoy the show.

I used to love coming home from vacation.
The way the plane would swoop over London’s skyscrapers and the River Thames before landing at Heathrow. Returning to my favorite places, people, and my job. Until one day, I…

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Is there such a thing as Box Philosophy? Was the Etruscan god of wine called Fufluns? Does Greek Orthodox Saint Fanourios…
January 01, 2026 (MLN): Due to maturing foreign
currency loans, securities, and deposits, Pakistan’s foreign currency assets
are expected to see a net outflow of $30.96bn, according to the latest
liquidity report released by the State Bank of Pakistan (SBP).
The total outflow is categorized based on residual maturity,
with the most pressing concern being the more than three months up to one-year
segment, which accounts for a substantial $20.36bn.

Meanwhile, outflows of $6.17bn are due within the next
month, and an additional $4.43bn is payable between the one-to-three-month
window.
The principal outflows amount to $27.41bn, of which $17.94bn
falls in the more than three-month up to one-year maturity range. Interest
payments add another $3.55bn to the financial burden.
Aggregate short and long positions in forwards and futures
indicate a net shortfall of $1.99bn. Short positions dominate at $2.28bn, while
long positions provide partial offset at $286m.
Additionally, contingent liabilities in foreign currency
total $1.18bn, primarily comprising other contingent liabilities that fall due
within the next month.
These figures underline the near-term strain on Pakistan’s
external account, which emphasizes the critical need for continued inflows,
timely rollovers, and prudent management of external liabilities to preserve
reserve adequacy.
Furthermore, Pakistan’s official reserve assets totaled
$24.49bn as of November 30, 2025, according to the latest data released by the
State Bank of Pakistan (SBP), even as the country faces significant short-term
foreign currency obligations.
The reserve portfolio is anchored by foreign currency
reserves in convertible currencies, which constitute $12.94bn of the total
holdings. This represents the most liquid component of the central bank’s
external buffers.
Gold holdings provide substantial support to the reserve
position, with the SBP maintaining 2.082 million fine troy ounces valued at
$8.73bn. This precious metal stockpile serves as a strategic hedge against
currency volatility and external shocks.
Currency and deposits with various institutions account for
$11.11bn of the reserves. Of this amount, $6.77bn is deposited with other
national central banks, the Bank for International Settlements, and the
International Monetary Fund, while $4.33bn is held with banks headquartered
outside the reporting country. An additional $13.71m is placed with domestic
banks’ foreign branches.
Beyond official reserves, Pakistan holds an additional
$92.65m in other foreign currency assets, comprising securities, deposits,
loans, and financial derivatives not classified under official reserve assets.
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