September 29, 2020

Pakistan’s Forex Reserves Decline To $7.25 Billion

According to the data in foreign exchange reserves report released on Thursday by the SBP, Pakistan’s foreign reserves declined to $7.25 billion last week. The foreign reserve stood at $14.862 billion on July 19, 2019. The main reason for the decrease in foreign reserves in the debt servicing expenditure. Pakistan’s foreign reserves were $15.249 billion on July 12, 2019, and then $14.862 billion on July 19 and stood at $7.25 billion after external debt servicing and other official expenditures.

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