KARACHI: Pakistan’s foreign exchange reserves fell to $17.545 billion during the week ended April 13 from $17.639 billion a week ago, the central bank reported on Thursday.
The foreign exchange reserves held by the State Bank of Pakistan (SBP) dropped $58 million to $11.379 |billion.
The decrease in the SBP’s forex reserves was attributed to external debt servicing and other official payments.
The forex reserves of commercial banks declined to $6.165 billion as compared to $6.201 billion in the previous week.
Sheikh argued that the government should have maintained stable petroleum prices
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