In just a few days, the total reserves fell by almost half a billion dollars to 17 billion dollars
Lahore – Foreign exchange reserves fell sharply in a single week, in a few days the total reserves fell by almost half a billion dollars to 17 billion dollars. According to the details, the decline in the country’s foreign exchange reserves is not going away.
In this regard, according to the report of the State Bank of Pakistan, more dollars have been released from the treasury in one week.
As of April 8, the country’s total foreign exchange reserves had declined by 450 million to 17.2 billion. The central bank’s foreign exchange reserves declined by 470 million to 10.85 billion, while those of other banks increased by 20 million to 6.15 billion. The SBP said that the main reason for the decline in foreign exchange reserves was the repayment of external loans.
Leading economist Dr. Hafeez Pasha, while talking to Geo News, claimed that foreign exchange reserves have declined by more than 5 billion in the last six weeks, while 30 billion is required for external financing during the next financial year. Will