News > Pakistan's foreign exchange reserves hit all-time low

Pakistan's foreign exchange reserves hit all-time low

ANI News | 13/05/2022 03:36 PM | Click to read full article

Trade deficits and increasing current account coupled with dried-up dollar inflows, and external debt payments have resulted in an alarming dip in Pakistan's foreign exchange reserves, plunging to a record low since December 2019.

According to data released by the State Bank of Pakistan (SBP) currency inflows lasted at USD 164 billion in a week from USD 16.5 billion which ended on May 6.