June 28, 2024
1 min read

Economic Crisis Grips Pakistan with No Exit

The total foreign exchange reserves of the bank fell to around 8.9 billion dollars…reports Asian Lite News

The State Bank of Pakistan (SBP) said that its foreign exchange reserves had decreased by $239 million due to external debt repayments.

During the week ending on June 21, the total foreign exchange reserves of the bank fell to around 8.9 billion dollars, the SBP said in a statement on Thursday.

It added that the net foreign reserves held by commercial banks came at $5.3 billion, reports Xinhua news agency.

Total liquid foreign reserves held by the South Asian country stood at about $14.2 billion, according to the SBP.

ALSO READ: Von der Leyen Nominated for EU’s Top Job Again

Previous Story

EU releases € 1.9 bn for Ukraine

Next Story

Vikram Misri Named New Foreign Secretary

Latest from -Top News

Trump needs to remember the 2026 midterms 

Were the Executive Order restrictions on birth-right citizenship not removed before the 2026 midterm polls, not just Indian-Americans but Hispanic Americans as well would shift from Republicans to the Democrats, writes Prof.

DeepSeek draws global flak over Uyghur censorship 

China’s AI model, DeepSeek, is under scrutiny for allegedly promoting state propaganda, censoring sensitive topics, and harvesting personal data, raising global privacy and human rights concerns.  Human rights activists and international experts
Go toTop

Don't Miss

Pakistan in a fix over ties with China

Pakistan’s longstanding ties with China have in the past helped

Arsonist Disguising As Firefighter: India’s Reply To Pakistan

India at UN said Pakistan “still holds the despicable record