Pakistan Foreign Exchange Reserves hit five years lowest point

Pakistan Foreign Exchange Reserves hit five years lowest point
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LAHORE - Pakistan foreign exchange reserves have hit almost five-year lows of $7.825 billion for the week ended October 19th.

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

According to a weekly statement issued by the central bank on Thursday, 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.

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