Reserves hit four-year low
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KARACHI: Foreign exchange reserves held by the State Bank of Pakistan dropped $196 million to four-and-half years low at $7.483 billion during the week ended on Nov 9, showed data released by central bank on Thursday.
Meanwhile, holdings of the commercial banks stood at $6.349bn whereas total liquid reserves of the country amounted to $13.832bn during the period under review.
Published in Dawn, November 16th, 2018
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Comments (4) Closed
Nov 16, 2018 11:34am
We are still waiting for Saudi 3b$'s wich are not expected before we strike down a deal with IMF. Saudis are waiting for a go-ahead from washington. For a country wich suffers a trade deficit of (2.5-3)b$ every month, these reserves are horrible.
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Nov 16, 2018 07:19pm
Still waiting for Saudi aid ?
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Nov 16, 2018 07:20pm
CPEC not working after all the hype.
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Nov 17, 2018 01:54am
While all the earlier IMF’s bailouts, we were a darling of USA, so we could get it easily! Now with our strained relations with USA, getting bailouts will be on very difficult or even impossible terms and conditions! Both Saudi Arabia and China will take a position only when IMF clears the bailout!
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