Pakistan's cenbank foreign reserves fall $923 mln to $3.68 bln -statement
South Asia
26 January, 2023, 09:40 pm
Last modified: 26 January, 2023, 09:42 pm
The logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at the head office in Karachi, Pakistan July 16, 2019. REUTERS/Akhtar Soomro
Pakistan central bank's foreign exchange reserves as of Thursday were down $923 million to $3.68 billion from the week ended 20 January, the bank said in a statement.
Total foreign reserves held by the state bank and commercial banks stood at $9.4 billion, the statement said.
The central bank reserves are around their lowest since 2014 and are barely enough to cover three weeks of imports.
Comments
While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.