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Your email address will not be published.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

Microsoft & Alaska Airlines Team Up for Alternative Jet Fuel

Washington, Oct 22 (AFP/APP): Microsoft and Alaska Airlines announced a partnership Thursday…

PIA executes biggest northern area operation

Pakistan International Airlines (PIA) operated six flights to Skardu to boost tourism…

Fears of banking crisis haunt global stock markets

Stocks markets have tumbled again as fears of a banking crisis resurfaced…