Pakistan foreign exchange reserves hit 5 years low

Pakistan foreign exchange reserves hit 5 years low
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LAHORE - Pakistan Foreign Exchange reserves slipped to almost five-year lows of $7.825 billion as they decreased by $264 million due to external debt servicing and other official payment.

The total foreign reserves held by the country stood at $14.296 billion on October 19th.

The forex reserves of the central bank amounted to $7.825 billion, whereas net foreign reserves with commercial banks were recorded at $6.478 billion.

Economy