Скачать или смотреть Pakistan Has Reserves To Cover Only 18 Days Of Imports | Money Curve | Dawn News English

he rupee touched another all-time low on Thursday and the central bank’s reserves fell close to a precariously low level of $3 billion as the country continues to reel from economic and political turmoil.

According to State Bank of Pakistan (SBP) data, its reserves dropped 16 per cent to $3.09bn — barely enough to cover less than three weeks of imports — in the week ending Jan 27 due to external debt repayments.

The reserves are at their lowest since February 2014 and can only cover 18 days’ worth of imports, the lowest the import cover has been since 1998, according to local investment firm Arif Habib Ltd (AHL). Reserves held by commercial banks stood at $5.65bn, taking the country’s total liquid reserves to $8.74bn, the SBP said.

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