Karachi (Pasar Pakistan) Pakistan’s foreign exchange reserves fell by $132 million last week, according to new figures issued by the State Bank of Pakistan (SBP).
Following the latest decline, the country’s overall reserves currently stand at $19.605 billion.
However, the central bank’s own reserves increased by $9.2 million, bringing total SBP-held reserves to $14.567 billion.
Commercial bank reserves, on the other hand, fell dramatically, by $142.4 million, contributing significantly to the overall decline.
According to analysts, the drop comes at a time when Pakistan is struggling to stay afloat in the face of external payment constraints and unpredictable inflows.