State Bank of Pakistan Reserves dropped

  • by Sharoon Jan
  • 2 months ago
  • News
  • 1
State Bank of Pakistan Reserves dropped

State Bank of Pakistan Reserves dropped : Foreign exchange reserves of the State Bank of Pakistan (SBP). Declined by $240 million during the week ended June 10.

According to the details shared by the central bank, the overall foreign reserves. Held by the country stood at $14.94 billion on June 10.

Sharing a break-up of the foreign reserves position, the central bank said that the reserves held. By the State Bank of Pakistan (SBP) stand $8.98 billion while commercial bank also have reserves of $5.96 billion.

Meanwhile, the Pakistani currency plummeted against the US dollar and surpassed Rs. 208 against the greenback. The domestic currency plunged Rs. 1.79 to a record low of Rs.208.25 against the greenback at 12:25pm.

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