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Al Jazeera
Al Jazeera
Business
Abid Hussain

Pakistan central bank’s forex reserves fall to near four-year low

A trader displays US dollar banknotes at a currency exchange booth in Peshawar, Pakistan [File: Fayaz Aziz/Reuters]

Islamabad, Pakistan – Pakistan’s central bank says its foreign exchange reserves have fallen to $6.7bn, its lowest level in nearly four years as the country battles an economic crisis.

Thursday’s announcement by the State Bank of Pakistan (SBP) came as the country is in dire need of foreign aid to reduce its current account deficit as well as ensure enough reserves to pay its debt obligations for the next financial year.

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