SBP Reserves Fall to a 20 Month Low as a Result of External Debt Repayments

SBP prohibited the use of OctaFX and other similar trading apps

The State Bank of Pakistan’s (SBP) foreign reserves saw a stunning outflow of $2.915 billion in the week ending March 25, 2022, representing a 19.5 percent week-on-week loss. The reserves of the central bank have fallen to their lowest level since June 26, 2020, when they were $11.23 billion. According to the SBP weekly report … Read more