Business
Pakistan’s forex reserves plunge to lowest level since Nov 2019
The government is eyeing revival of IMF programme to boost reserves
Karachi: Pakistan’s foreign exchange reserves dropped to their lowest levels since November 2019, reaching $14,943 million, the State Bank of Pakistan's data showed on Thursday.
Forex reserves -- stand at $14 billion as of June 10 -- can cover imports for 1.32 months.
Reserves held by the State Bank of Pakistan (SBP) are amounted $8,985 million, the lowest level since July 2019.
Foreign reserves held by the SBP stand at $8,985.3 million, net foreign reserves held by commercial banks stand at $5,957.7 million, while total liquid foreign reserves clock in at $14,943.0 million.
-
Pakistan 1 day ago
CM Punjab approves establishment of Provincial Enforcement Authority
-
Pakistan 8 hours ago
PM Shehbaz suggested reaching out to Imran Khan, India
-
Pakistan 2 days ago
Iranian president reaches Pakistan
-
World 2 days ago
Int’l Earth Day observed today
-
Pakistan 1 day ago
Saad Rafique announces to act against editing speech
-
Sports 8 hours ago
Fourth T20I match: Imad can be part of Pakistan’s squad against New Zealand
-
Pakistan 1 day ago
Traffic plan released as Iranian President to visit Lahore, Karachi today
-
Pakistan 14 hours ago
CM Punjab gives Rs2.5mn cheque to family of guy hit by her protocol convoy