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…
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..
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