KARACHI: Pakistan’s foreign exchange reserves fell 1.89 percent to $16.369 billion as of August 31, the central bank said on Thursday.
The foreign reserves stood at $16.685 billion in the previous week. The forex reserves held by the State Bank of Pakistan amounted to $9.885 billion, down $342 million, compared with the preceding week.
The decline in the foreign exchange reserves is due to external debt servicing and other official payments.
The foreign exchange reserves of commercial banks rose to $6.484 billion against $6.458 billion.
In this picture, the PCJCCI logo can be seen on September 1, 2022. — Facebook/Pakistan China Joint Chamber of...
A representational image of a US flag pictured alongside a street sign reading "Wall Street" in the New York city. —...
A security guard sits in front of a wall with signs and slogans at the operation building at the Pakistan Steel Mills ...
A worker cleans the entrance to the headquarters of Bank Indonesia, the nation's central bank, in Jakarta, Indonesia....
The MCB's logo is seen on a wall outside the bank's head office. — MCB websiteKARACHI: MCB Bank Limited on...
A foreign currency dealer counts US dollars at a shop in Karachi. — AFP/FileKARACHI: The rupee lost ground against...
