The SBP’s foreign exchange reserves are below $4.5 billion.

KARACHI: Foreign exchange reserves held by the Bank of Pakistan (SBP) fell another $1,233 million to an alarming $4.34 billion, ARY News reported Thursday, citing the central bank.

According to the statement, the country’s total liquid foreign exchange reserves stood at US$10,187.8 million as of January 6.

During the week ending Jan. 6, the SBP’s foreign exchange reserves decreased by $1,233 million to $4.343 billion. due to external debt settlement meanwhile The net international reserves held by commercial banks were $5.84 billion.

Previously, on January 7, it was reported that Foreign currency reserves are held by the Bank of Pakistan (SBP). Down $1.2 billion, reaching $4.5 billion.

Reserves are reduced to $4.5 billion following new settlements to the UAE. Pakistan repaid $600 million to Emirates Bank NBD and $415 million to DIB on Friday, they said.

Read more: Pakistan will not default on debt, ISHAQ DAR assures investors at PSX

At the beginning of January, the Minister of Finance Ishaq Dar said that Pakistan will soon gain from a friendly country.including Saudi Arabia

From talking to journalists in Islamabad The government is paying the country’s due debts on time. He regretted that the country’s foreign exchange reserves had decreased due to external debt repayments.




(function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); = id; js.src = ""; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));