Depleting foreign reserves posing serious financial threat to Pakistan

1st Oct 2023: As the State Bank of Pakistan reported that the nation’s overall foreign reserves amounted to $13,079.1 million. Pakistan’s foreign reserve levels have experienced a downward trend in recent months due to a number of contributing factors. These include fiscal deficits, trade imbalances, inappropriate government spending, reduced remittances from overseas Pakistani citizens, an […]

from Daily Times https://ift.tt/3YOPeMh