Picture from google

According to the data released by the state bank of Pakistan, “foreign exchange reserves fell 0.14% on a weekly basis”. On the 9th of July, the foreign currency reserves were $17,205 billion which is reduced to  $26 million compared with $17,231.1 million that was recorded on the 2nd of July. The central bank didn’t reveal the reason for the decrease yet. 

Leave a Reply

Your email address will not be published.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

You May Also Like

Rupee puts major dent in dollar

Rupee on Thursday turned tables on the US dollar, strengthening by over…

Beijing presses Islamabad to settle $220m dues of Chinese energy firm

China has urged Pakistan to clear $220 million in outstanding payments owed…

Pakistan places first order for discounted Russian crude oil

Pakistan has placed its first order for discounted Russian crude oil under…

China curbs exports of key chipmaking components to US

In a tit for tat move Beijing Tuesday said it would restrict…