Pakistan’s central bank forex reserves have plunged to the lowest level since February 2014 after a decline of 22.11%. It has posed a serious challenge for the country in financing imports. The announcement by the State Bank of Pakistan (SBP) came as the country is in dire need of foreign aid.

Leave a Reply

Your email address will not be published.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

You May Also Like

More security needed for CPEC investment: Asad Umar

After the meeting of the Joint Coordination Committee on CPEC, Planning and…

Petrol prices increased, but prices of commodities decreased: Fawad Chaudhary

On Wednesday, Information Minister Fawad Chaudhry stated that despite the hike in…

Rupee surpases 245 against Dollar

Karachi: The Pakistani rupee fell to a record low against the US…

Canada imposes sanctions on Belarus

Ottawa: On Dec 2, Canada has imposed new sanctions on Belarusian officials…