There is no advantage of reserve if are you borrowing massively and currency is unstable. It will only results in more outflows like Imports are witnessing and people stop investing in PKR result less FDI, Secondary investment and less export and more import. At one time, lenders will stop giving you because your credit card balance will be full than you start paying from the reserve, which will be empty within 3 to 4 months. Nigeria, Turkey, Ethiopia , Sri Lanka did the experiment of saving reserve and it fall flat.You did not burn billions for supporting artificial currency.
Your reserves got stable instead of falling like a pack of cards.
Avoided a definite bankruptcy and a fate like Zimbabwe or Lebanon.
For just starters.
Only earned inflows saves disaster ,which PTI doing worse than PMLN.
No because we paid 80 million dollar SCRA account (https://jsbl.com/personal/accounts/current-accounts/special-convertible/) due to massive outflows from PSX, FDI and Secondary investment.I repeat my question, where is the source for your claim?
SBP has clearly said no intervention.
You sure that was not for interest payment?