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Pakistan’s dollar reserves at a 15-week low

Foreign exchange reserves fall below $12 billion

SAMAA | - Posted: Oct 16, 2020 | Last Updated: 3 months ago
Posted: Oct 16, 2020 | Last Updated: 3 months ago
Pakistan’s dollar reserves at a 15-week low

Photo: AFP

Pakistan’s dollar reserves fell below $12 billion for the first time since June 26 as the State Bank made foreign loan or debt repayments of $507 million during the week that ended on October 9.

The State Bank shares foreign exchange reserve data every Thursday with a lag of one week.

As of October 9, the State Bank has $11.8 billion in foreign reserves. Meanwhile, the foreign reserves held by commercial banks in Pakistan are at $7.22 billion. The total foreign reserves in Pakistan are now little over $19 billion.

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