Further reduction in the country’s foreign exchange reserves Pi News

KARACHI: The country’s foreign exchange reserves have recorded a sharp decline last week.

According to a statement issued by the SBP, the decline in the country’s foreign exchange reserves continued last week and the foreign exchange reserves recorded a decline of 73 732.6 million.

According to the report, the total foreign exchange reserves reached ارب 14.21 billion in the week ended June 17.

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SBP’s reserves decreased by 74 747.6 million to 8. 8.23 ​​billion, while reserves of commercial banks increased by 1. 1.50 million to 5. 5.97 billion.

Experts say that if Pakistan does not receive a loan installment from the IMF, further reduction in reserves is expected, which could further worsen the already crisis-ridden country’s economy.

For the week ended June 10, SBP’s reserves declined by 24 240 million.


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