Pakistan’s foreign reserves drop by $237mn

5 months ago 44

KARACHI – The State Bank of Pakistan’s (SBP) liquid foreign reserves reached $7,020.2 million as of December 1, 2023.

As per the data released by the SBP on Thursday, central bank’s foreign reserves decreased by $237 million during the week due to the debt repayments.

Net foreign reserves held by the commercial banks stood at $5,086.9 million as of December 1, 2023.

As such, total liquid foreign reserves held by Pakistan stood at $12,107.1 million.