According to a statement issued by the SBP, the decline in the country’s foreign exchange reserves continued last week and a decrease of 73 732.6 million has been recorded in the foreign exchange reserves.
The total foreign exchange reserves reached 14.21 billion in the week ended June 17.
State bank Reserves decreased by 74 747.6 million to 8. 8.23 billion, while reserves of commercial banks increased by 1. 1.50 million to 5. 5.97 billion.
Experts say that if Pakistan does not receive a loan from the IMF, further reduction in reserves is expected, which could further worsen the already crisis-ridden economy.
SBP’s reserves declined by 24 240 million in the week ended June 10.
