Pakistan's foreign exchange reserves decrease by $748 mln
Business
Pakistan's foreign exchange reserves decrease by $748 mln
KARACHI (Dunya News) – The State Bank of Pakistan (SBP) foreign exchange reserves recorded a declination of $748 million on Thursday.
SBP’s foreign exchange reserves fall by $748 million to $8.2 billion, while the bank’s foreign exchange reserves reached their lowest level since October 25, 2019.
On the other hand, the country’s total foreign exchange reserves declined by $733 million and reached $14.2 billion.
Reserves of commercial banks fell by $15 million to $6 billion. Foreign exchange reserves declined due to repayment of foreign loans.
In this regard, the SBP said that foreign exchange reserves will increase in a few days after receiving loan from China.
According to analysts, the country’s foreign exchange reserves are left for less than two months for imports.
