The foreign exchange reserves fell by $590 million to a 10-year low of $3.8 billion due to external debt repayment.
As per the State Bank of Pakistan, the domestic foreign exchange reserves of Pakistan have further decreased by 592 million dollars, after which the foreign exchange reserves held by the State Bank of Pakistan have now fallen to their lowest level of 3 billion 862 million dollars.
Today, the country’s total reserves have a value of 8 billion 74 crore 17 million dollars. The total amount of money held by commercial banks is 5 billion, 65 million, and 55 million dollars. There were huge repayments of external debts made by the central bank last week, amounting to 592 million dollars.
— SBP (@StateBank_Pak) February 2, 2023