Pakistan Forex Reserves
Pakistan's SBP forex reserves hit 23-month low
Islamabad: Pakistan's foreign exchange reserves has now moved down to touch its lowest level since December 2019 at USD 16.4 billion.
It happened in the week which ended on May 6.
The country’s reserves declined by USD 178 million or 1.1 percent on a week-on-week basis to stand at USD 16.376 billion, the central bank data showed. The central bank reserves also fell to a 23-month low, The News International reported.
SBP reserves decreased by USD 190 million to USD 10.308 billion; analysts estimate the reserves can cover 1.54 months’ worth of imports
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