On Thursday, State Bank of Pakistan (SBP)-held foreign exchange reserves fell below $3 billion to a nine-year low. In a statement, the central bank said that as of the week ended on February 3, its foreign exchange reserves slipped to $2,916.7 million after a fall of $170 million due to external debt payments.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

‘Quick relief’ from soaring inflation, not expected: Asad Umar

Islamabad: On Monday, Asad Umar, Planning and Development Minister rejected any chances…

FIA issues notice to crypto exchange Binance

On Friday, the Federal Investigation Agency’s (FIA) Cyber Crime Wing (Sindh) stated…

Ukraine resumes electricity exports

It emerged that Ukraine would resume exporting electricity after a six-month gap…

Financial instability overshadows IMF growth forecast

The International Monetary Fund trimmed its forecast for global growth this year…