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State Bank of Pakistan’s Reserves Fall Below $9 Billion

by News Desk
in Business, Finance, Main
Reading Time: 1 min read
State Bank of Pakistan’s Reserves Fall Below $9 Billion
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The foreign exchange reserves held by the central bank decreased 2.6 percent on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On June 10, the foreign currency reserves held by the SBP were recorded at $8.985 billion, down $241 million compared to $9.226 on June 3. The central bank reserves are currently at their lowest level since November 22, 2019.

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Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14.943 billion. Net reserves held by banks amounted to $5.957 billion.

Tags: $9 BillionlatestState Bank of Pakistan
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