Country's foreign exchange reserves fall US$300m
On September 6, Pakistans foreign exchange reserves had dropped to US$316 million
KARACHI (Dunya News) – Pakistan’s foreign exchange reserves have on Thursday dropped by US$300 million.
As per the details, the country’s foreign exchange reserves stood around $16.070 billion, whereas, the central bank’s reserves declined $261 million to $9.624 billion
The foreign exchange reserves held by other banks have also droped by $39 million to $6.446 billion.
Earlier, on September 6, Pakistan’s foreign exchange reserves had dropped to US$316 million during the week ended August 31 as against $16.685 billion in the preceding week, the central bank said.
The official reserves of the central bank reduced by $341 million to $9.885 billion by week ended August 31 as against $10.226 billion in the preceding week.
The official reserves of the SBP had declined on account of external payment.
The commercial banks had stock of foreign exchange at $6.484 billion as against $6.458 billion.
