Forex reserves of Pakistan fall by more than $340 million SBP.

Islamabad -- The forex reserves of Pakistan held by the State Bank dropped by $340.5 million to settle at $8 billion as of September 23, from $8.34 billion recorded on September 16.

According to the weekly data shared by the central bank on Thursday, during the week that ended on September 23, the total reserves held by the country fell from $14 billion to $13.76 billion.

Nevertheless, during the same period under review, the net forex reserves held by the commercial banks increased by $32 million to reach $5.756 billion.

SBP-held reserves dip by $277 million

Pakistan's Current Account Deficit in August shrinks by 42% MoM

The Current Account Deficit (CAD) of Pakistan shrank by 42.13%, in August of the fiscal year 2023, the State Bank of Pakistan reported last week.

According to the monthly report published by the Central Bank on the balance of payments, on a Month-on-Month basis, the current account deficit shrank by 42.13% during August of the fiscal year 2023 and fell to $0.7 billion from $1.21 billion...