Forex Reserves Fall to Near 4-Year Low: SBP

Forex Reserves - Foreign Exchange Reserves held by the SBP dropped $784 Million to a nearly 4-Year low. The State Bank of Pakistan said on Thursday, that the reserves were recorded below this level on Jan 18, 2019, when it had $6.64bn.

Net Forex Reserves held by the commercial banks are now at $5.867bn, pointing to the fact the country's total liquid foreign reserves are now at $12.58bn. The main agenda of the government was to strengthen the foreign exchange reserves since April. However, the reserves fell from that time by more than $4bn.