SBP foreign exchange reserves dropped to July 2019 low mark. Pakistan reserves in the year dropped by quarter Second biggest drop in the year after Argentina during the period according to Bloomberg which track 53 countries foreign exchange reserves number.
SBP foreign exchange reserves since April 8, 2022 (the week ended) to date dropped by $3.253 billion In other words since the arrival of ShahbaZ Sharif government the SBP reserves fallen by almost 30%
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The reserves dropped owing to debt payments, eurobonds coupon payments and interest in external loans Currently the SBP reserves level around $7.597 billion enough for just six weeks of imports Overall country’s reserves since April falls by $3.781 billion or 22% to $13.247 billion