The State Bank of Pakistan's foreign exchange reserves fell by $1.2 billion, reaching $17.228 billion by July 10, attributed to external debt servicing. While the SBP surpassed its FY26 target with reserves at $18.4 billion, maintaining this level will be challenging given the country's $26 billion debt servicing requirement for FY27. Total liquid foreign reserves, including commercial banks, stood at $22.675 billion. This significant drop in SBP reserves could exert pressure on the Pakistani Rupee against the US Dollar, potentially influencing local gold prices.
بحوالہ / Source: www.dawn.com