Pakistan Foreign Exchange reserves register massive blow

Pakistan Foreign Exchange reserves register massive blow

The country's foreign reserves Thursday declined significantly by $1.78billion.

The country's total foreign reserves fell from US$18.55 billion to US$17.48 billion.

The reserves of the State Bank of Pakistan (SBP) decreased by 750.5 million.

SBP's reserves fell from US$12.07 billion to US$11.37 billion.

Net foreign reserves held by commercial banks declined by Rs350 million to Rs6.15 billion link