Foreign exchange reserves fall below $12 billion
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.