According to Thursday’s figures, the State Bank of Pakistan’s (SBP) foreign currency reserves are at the lowest level since April 2014.
The SBP’s foreign currency reserves were $6,116.2 million on December 16, down $584 million from December 9.
The decline means the reserves are now barely 1.5 months of import cover, even as the country faces decades of high inflation and scrambles to receive IMF assistance.
The country’s total liquid foreign currency reserves, including those held by other institutions, were $12,01 million.
