SBP’s foreign reserves drop to $9.7 billion
Due to external loan repayments, the State Bank of Pakistan’s (SBP) total foreign reserves fell by $366 million to $9.72 billion. The SBP reported that total liquid foreign reserves were $15,771.4 million as of May 27. The decline was caused by “external debt payments,” according to the central bank. The news comes as Pakistan has … Read more