Foreign exchange reserves fall sharply, government reserves fall below ارب 12 billion, SBP's reserves fall further by 35 350 million, reserves also declined last week, fears of a rise in the value of the dollar. According to the details, Pakistan's foreign exchange reserves declined sharply for the second consecutive business week due to external payments.
According to media reports, the SBP's reserves have further declined by 35 350 million, after which the government's foreign exchange reserves have fallen below سطح 12 billion. Over the past few months, foreign exchange reserves have remained above 12 12 billion, but for two consecutive weeks, foreign exchange reserves have fallen sharply due to loans and other external payments.
According to economists, the decline in foreign exchange reserves could have a negative impact on the currency market.
The Pakistani rupee, which has been recovering for several days, is expected to depreciate again and the dollar will appreciate again. The good news, however, is that Pakistan's remittances have risen to record levels, despite alarming predictions from international organizations. After receiving more than 7 7 billion in remittances in the first quarter, Pakistan is expected to receive more than 28 28 billion in remittances by the end of this fiscal year. Remittances received more than سے 7 billion at the end of the first quarter. If this trend continues for the remaining three quarters, then Pakistan could receive more than 28 28 billion by the end of the financial year.
