Karachi: Official foreign exchange reserves fell below the $4 billion level.
According to the State Bank, the value of the government’s foreign exchange reserves decreased to less than 4 billion dollars due to continued pressure to repay foreign debts.
In the week ended June 2, government reserves fell by $179 million to $3.912 billion.
According to the central bank, the value of deposits of commercial banks was recorded at 5 billion 422.26 million dollars on June 2.
The State Bank says that the value of the total foreign exchange reserves has reached the level of 9 billion 334 million dollars.
(function(d, s, id){
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) {return;}
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.3&appId=770767426360150”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_GB/sdk.js#xfbml=1&version=v2.7”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
