Alarming Level: State Bank Reserves Fall to $7.9 Billion

Not quite good news as Foreign exchange reserves held by the Central bank fell by $106 million during last week.

SBP said foreign reserves held by the central bank were recorded at $7,9 Billion, down by $106 million compared to $8.6 million on Sep 30.

Net foreign reserves held by commercial banks amounted to $5.69 billion.