Tag Archives: Huge weekly outflow takes SBP reserves down to $4.3bn

KARACHI: In the absence of any dollar inflows from the International Monetary Fund (IMF) or friendly countries, foreign exchange reserves of the State Bank of Pakistan (SBP) dropped to $4.34 billion, the lowest since February 2014. The SBP said on Thursday its reserves decreased by $1.23bn during the week ending on Jan 6 due to external debt repayments. The country …

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