Pakistan’s economy faces yet another blow

Pakistan’s economy faces yet another blow

Karachi: The foreign exchange reserves held by the State Bank of Pakistan (SBP) declined 6.04% on a weekly basis, data released by the central bank showed on Thursday.

On April 1, the foreign currency reserves held by the SBP were recorded at $11,319.2 million, down $728 million compared with $12,047.3 million on March 25.

According to the central bank, this decline reflects the repayment of debt.