Reserves down $1.24b on debt repayments
Pakistan's foreign exchange reserves fell by $1.24 billion due to external debt repayments, while the rupee reached a 19-month high. Global market volatility, driven by shifting US interest rate expectations and geopolitical tensions, continues to influence local gold prices and currency stability.
Why it matters
The data reflects the ongoing economic balancing act Pakistan faces in managing sovereign debt while attempting to stabilize its currency against global market pressures.
--> Home Business Reserves down $1.24b on debt repayments SBP's forex deposits drop to $17.2b; rupee hits 19-month high; gold steady
The article provides factual financial reporting based on central bank data and market trends.
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