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Monday, November 4, 2024

Home Business Foreign exchange reserves of Pakistan drop by $233 million: SBP

Foreign exchange reserves of Pakistan drop by $233 million: SBP

by Web Desk Staff
June 17, 2022
in Business

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Islamabad: Amid the stalled IMF programme, high import bill and pressure caused by foreign debt, the foreign exchange reserves held by Pakistan have fallen by $233 million as of June 10, the State Bank of Pakistan (SBP) said in a report on Friday.

Read: Miftah optimistic about agreement with IMF

Total liquid foreign #reserves held by the country stood at US$ 14.94 billion as of June 10, 2022. For details: https://t.co/WpSgomnd3v pic.twitter.com/Vi23aFi7tX

— SBP (@StateBank_Pak) June 17, 2022

According to the data issued by the central bank, the total reserves held by the country fell from $15.1 billion on June 3 to $14.9 billion on June 10.

Read: Dollar tops 208 in interbank trade

The data also shows that reserves held by the central bank also witnessed a sharp decline as the total amount fell from $9.2 billion to $8.9 billion during the same period.

Read: Depleting SBP reserves a ticking bomb | By Farrukh Saleem