SBP Assets Went Down by $562m in One Week
The State Bank of Pakistan recorded a drop of 562 million dollars in its reserves over the past week (January 14). The State Bank of Pakistan also indicated that external debt and other payments were responsible for this reduction.
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Not only have the SBP’s reserves been falling since August, but so have the reserves of the entire nation.
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In addition, authorities fear that mounting debts, notably commercial loans, have depleted a substantial portion of the central bank’s reserves. The nation’s current external debt is approximately $127 billion. Pakistan requires approximately $20 billion this year to meet its international obligations.
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