Pakistan’s foreign exchange
reserves further drop to $4.33b
Foreign exchange reserves
held by the State Bank of Pakistan saw a further drop of $1.23 billion to reach
at $4.33 billion.
With any progress yet to be
made with International Monatery Fund (IMF), the foreign exchange reserves have
fell dangerously low.
The recent drop can be
attributed to external debt payments o
f $1.233 billion which Pakistan made
earlier this month.
As of now, reserves with the
commercial banks stand at $5.8 billion.
The current FX reserves by
SBP were said to be the lowest since 2013 when reserves nosedived to $4.22
billion.