Election 2024 Party Position

IND-PTI
93
PML-N
75
PPPP
54
MQM
17
IND
8
JUI
6
Full Result

Pakistan’s foreign exchange reserves drop to alarming level

Pakistan’s foreign exchange reserves drop to alarming level

Business

Pakistan’s foreign exchange reserves drop to alarming level

LAHORE (Web Desk) – The SBP- led foreign exchange reserves have fallen $784 million to a nearly four-year low of $6.72 billion during the week that ended on December 2.

Per the central bank’s data, the reserves were last recorded below this level during the week ended on Jan 18, 2019, when it had some $6.64 billion.

Net foreign reserves held by commercial banks now clock at at $5.867 billion which means the country’s total liquid foreign reserves stand at $12.58 billion.




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