State Bank Reserves Drop to 3-Year Low of $7.59 Billion

Pakistan’s foreign reserves drop to the lowest level in 3 Years. The reading is the lowest since July 2019 and covers less than six weeks of imports.

“This decrease was entirely attributed to external debt repayments, which included repayment of a commercial loan and interest payment on Eurobonds,” said the central bank.

The value fell by $303 million to $7.59 billion according to the Central bank..