Times of Islamabad

Pakistan Foreign Exchange Reserves hit five years lowest point

Pakistan Foreign Exchange Reserves hit five years lowest point

LAHORE – Pakistan foreign exchange reserves have hit almost five-year lowsof $7.825 billion for the week ended October 19th.

Foreign Reserves have decreased by $264 million due to external debtservicing and other official payment.

According to a weekly statement issued by the central bank on Thursday, thetotal foreign reserves held by the country stood at $14.296 billion onOctober 19th.

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