{"id":304314,"date":"2022-12-30T09:09:20","date_gmt":"2022-12-30T04:09:20","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=304314"},"modified":"2022-12-30T09:09:20","modified_gmt":"2022-12-30T04:09:20","slug":"sbp-forex-reserves-hit-8-year-low-at-5-821b","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/sbp-forex-reserves-hit-8-year-low-at-5-821b\/","title":{"rendered":"SBP forex reserves hit 8-year low at $5.821b"},"content":{"rendered":"<p>Crisis alert<br \/>\nIslamabad<br \/>\nThe total liquid foreign reserves held by the State Bank of Pakistan fell $294 million to $5.821 billion the latest data showed Thursday due to debt servicing. This leaves Pakistan with an import cover for merely 1.10 months as its beleaguered government struggles to meet the country\u2019s unwieldy external financing needs. Foreign exchange reserves held by commercial banks stood at $5.885 billion as of December 23. Pakistan direly needs funds to cover its current account deficit and debt obligations, for which over $30 billion is needed in external financing this fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crisis alert Islamabad The total liquid foreign reserves held by the State Bank of Pakistan fell $294 million to $5.821 billion the latest data showed Thursday due to debt servicing. This leaves Pakistan with an import cover for merely 1.10 months as its beleaguered government struggles to meet the country\u2019s unwieldy external financing needs. Foreign [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-304314","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP forex reserves hit 8-year low at $5.821b<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/sbp-forex-reserves-hit-8-year-low-at-5-821b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP forex reserves hit 8-year low at $5.821b\" \/>\n<meta property=\"og:description\" content=\"Crisis alert Islamabad The total liquid foreign reserves held by the State Bank of Pakistan fell $294 million to $5.821 billion the latest data showed Thursday due to debt servicing. This leaves Pakistan with an import cover for merely 1.10 months as its beleaguered government struggles to meet the country\u2019s unwieldy external financing needs. Foreign [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/sbp-forex-reserves-hit-8-year-low-at-5-821b\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-30T04:09:20+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n<script type=\"application\/ld+json\" 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