SBP reserves fall another 463 million

 

SBP reserves fall another 463 million

Image source : Such tv

The State Bank of Pakistan's (SBP) foreign exchange reserves further decreased by 3,463 million in the week ended January 28 to stand at 15,15,727 million.

According to the SBP, the reduction in reserves provided external loans

Because of this. The downward trend in foreign exchange reserves is significant for the country since the SBP suffered a loss of 34,346 million since August 2021.

The reserves of the Central Bank reached a maximum of 20,20,073 million in August last year. Last week, the State Bank of Pakistan posted a drop of 45.845 million, which has shaken the confidence of the foreign exchange market. .0 22,085 million while the reserves of commercial banks were 6,6,356 million.

Economic analyst and former CCI board member Atiqur Rehman said the government also needed to improve the situation.

Source: suchtv