Business
Pakistan's foreign exchange reserves plunge to lowest level since June this year
Overall reserves also dropped to its seven-month low
Karachi: The State Bank of Pakistan’s (SBP) foreign exchange reserves dropped 4.1% to their lowest level since June 25, 2021.
The reserves held by the central bank fell 4.07% on a weekly basis, according to data released by the central bank on Thursday.
The reserves were recorded at $16,254.1 million on November 19, down $691 million compared with $16,945.4 million on November 12 due to “external debt repayments.”
The overall reserves, including reserves held by banks other than the SBP, dropped to its seven-month low.
Total reserves stood at $22,773.8 million, recording a decline of $777 million, lowest since April 30, 2021.
The data further saud net reserves held by banks in the country amounted to $6,519.7 million.
-
Technology 1 day ago
Qualcomm strong-arms its way into Windows laptops this summer
-
Pakistan 2 days ago
Punjab govt approves ‘Apna Ghar’ project
-
Entertainment 1 day ago
Actor Madiha Rizvi remarries after 1.5 year of divorce
-
Pakistan 1 day ago
Petition to file case against Punjab CM for wearing Police uniform
-
Pakistan 1 day ago
Marwat says, ‘Imran scolds me over Saudi Arabia statement’
-
Pakistan 1 day ago
PML-N office burning case: Sanam, Dr. Yasmin, others summoned for indictment
-
Pakistan 2 days ago
Imran Khan nominates Hamid Raza as chairman PAC
-
Sports 2 days ago
Fourth T20I match: Imad can be part of Pakistan’s squad against New Zealand