KARACHI: Pakistan’s foreign exchange reserves dropped $201 million, or 1.24 percent, to $15.994 billion during the week ended April 19, the central bank reported on Thursday.
The forex reserves stood at $16.195 billion in the previous week.
The forex reserves held by the State Bank of Pakistan declined $219 million to $9.024 billion due to external debt servicing and other official payments.
However, the foreign exchange reserves held by commercial banks rose to $6.970 billion from $6.952 billion.
Pakistani laborers sort potatoes at a vegetable market in Karachi. — AFP/FileISLAMABAD: Pakistan, recognised as one...
The Karachi Chamber of Commerce & Industry building. — Facebook/Kcciofficial/File KARACHI: The Karachi Chamber of...
Silver rates remained unchanged at Rs2,580 per tola
The BoJ last week raised interest rates for the first time since 2007 and ditched its controversial negative interest...
The rupee, which was declining on a daily basis against the dollar, started recovering rapidly from over Rs320 to Rs270
Announcement was made by Askar Sydykov, Director of IBC, during discussions with a Pakistani trade delegation led by...