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

Foreign exchange reserves of Pakistan

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.

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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.

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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.

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Foreign exchange reserves of Pakistan
Foreign exchange reserves of Pakistan. Source: SBP