Foreign Exchange News
KARACHI: The country’s foreign exchange reserves dropped last week due to
heavy outflows, Business92 reported Thursday.
The central bank statistics showed that forex reserves have decreased by $138
million and currently stands at $24.189 billion in the week ended October 28th.
The State Bank of Pakistan (SBP) has $19.13 billion in reserves while
commercial banks possess $5.05 billion.
The central bank said foreign exchange reserves have wiped off mainly
due to external debt servicing and other payments.