Foreign exchange reserves decrease by $63 million : State Bank of Pakistan
KARACHI: The State Bank of Pakistan on Thursday (today), announced a decrease of $ 63 million from foreign exchange reserves of the country, ARY reported.
The central bank of Pakistan spokesman revealed a considerable dip in the foreign exchange reserves which have now been reduced to $ 14.82 billion.
State bank reserves have observed a decline of $ 552 million, bringing the total State bank reserves to $ 7.8 billion, added the spokesman.
He further revealed that the banking sector overall is facing a shortfall of $ 7.8 million amounting to $ 7.1 billion in leftovers.
The Pakistani rupee reached a new all-time low against the US dollar in the interbank market, reported earlier in the day.
The worth of Pakistani rupee slid down by Rs0.54 against the greenback.
Before the announcement of the federal budget on Tuesday, the dollar had touched Rs151.95 in the interbank market.