KARACHI: The official foreign exchange reserves of the State Bank of Pakistan (SBP) have reduced $415 million by t
KARACHI: The official foreign exchange reserves of the State Bank of Pakistan (SBP) have reduced $415 million by the week ended December 17, 2021 due to external debt repayment, the central bank reported on Thursday.
The foreign exchange reserves of the central bank reduced to $18.153 billion by the week ended December 17, 2021, compared with $18.568 billion a week ago.
The central bank said its reserves had fallen mainly due to external debt repayment.
The overall foreign exchange reserves of the country fell $395 million to $24.633 billion by the week ended December 17, 2021, compared with $25.028 billion a week ago.
The foreign exchange reserves held by commercial banks; however, increased $19 million to $6.479 billion by the week ended December 17, 2021, compared with $6.460 billion a week ago.
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