The real reason for the dollar ratedo being expensive is that foreign exchange reserves fell by more than $ 80 million in one week

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The real reason for the dollar being expensive is that foreign exchange reserves fell by more than $ 80 million in one week

The real reason for the dollar being expensive is that foreign exchange reserves fell by more than $ 80 million in one weekPublicNews18: The country total reserves rose to $ 17 billion 385 million, government reserves amounted to 11 billion 18 million 56 million dollars and commercial banks had deposits of 6 billion 20 million 19 million dollars.

Foreign exchange reserves fell by more than $ 80 million in one week, the country’s total reserves rose to $ 17 billion 387.5 million dollars, government reserves amounted to 11 billion 18 million 56 million dollars and commercial banks 6 billion. $ 20 million in reserves. According to details released by the State Bank, foreign exchange reserves have fallen further and government reserves declined by $ 80 million in one week, followed by foreign exchange reserves of $ 11 billion 18 million. To the level of

According to the data, commercial banks have reserves of US $ 6.2 billion, and the country’s total reserves have risen to US $ 17 billion 387.75 million.

State Bank says $ 44 million was paid last week in terms of foreign loans and interest. On the other hand, the depreciation of the foreign exchange reserves has led to a continuous increase in the value of the dollar.

Inter bank dollar appreciation continued on Thursday and the US dollar rose 17 passe against the Pakistani rupee, rising from a high of Rs 166.83 to a high of 167. It is pertinent to note that the value of the dollar has been seen to rise after the State Bank decided to reduce interest rates and offer certain privileges to importers.

Apart from repayment of loans, investors have also withdrawn their capital in large numbers, which is why there is intense pressure on the Pakistani rupee.

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