ISLAMABAD – Foreign exchange reserves of State Bank of Pakistan (SBP) haveregistered significant decline.
As per the media report the SBP reserves dropped by US$627 million toUS$8.049 billion on Thursday.
Overall Pakistan’s foreign exchange reserves reached US$14.893 billion withreserves at other banks remaining unchanged at US$6.485 billion.
According to the central bank, reserves fell due to external debt servicingand other official payments.
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On September 13, Pakistan’s foreign exchange reserves had dropped by US$300million.
As per the details, the country’s foreign exchange reserves stood around$16.070 billion, whereas, the central bank’s reserves declined $261 millionto $9.624 billion.
