KARACHI – The total foreign exchange reserves of Pakistan dropped by $323.3million billion while reserves held by the central bank decreased to US$4.244 billion.
In a statement, the State Bank of Pakistan said the total liquid foreignreserves held by the South Asian nation currently stand at $9.815 billionas of March 24, 2023.
As of now, net foreign reserves held by commercial banks stood at $5.571billion from previous level of $5.540 billion.
The decline comes as China is yet to take a decision on a request fromPakistan to roll over a $2 billion loan that matured last week amid a delayin release of bailout package from the International Monetary Fund (IMF).
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