Forex reserves plunge by $170m: SBP
Business
SBP’s forex reserves were down to approximately $4.38bn
KARACHI (Web Desk) – State Bank of Pakistan’s (SBP) report observes decline of $170m in country’s foreign exchange reserves last week.
According to the SBP, the total forex reserves of Pakistan stood at approximately $9.56bn on April 7th. SBP holds more than$4.38bn after the reserves plunged by $170m, whereas $5.52bn were held by private banks.
During the last week, SBP paid $170m in debt payments.
