SBP’s foreign exchange reserves continue to decline

KARACHI: The foreign exchange reserves, held by State Bank of Pakistan (SBP), continued to decline for the third consecutive week as the country struggles to secure deal with International Monetary Fund (IMF), ARY News reported on Thursday. According to a statement issued by the central bank, the foreign exchange reserves had decreased $72 million to $4.31 billion, as of May 12, due to external debt … Continue reading SBP’s foreign exchange reserves continue to decline