Forex reserves decline by $123mn in a week

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MG News | December 16, 2021 at 10:37 PM GMT+05:00

December 16, 2021 (MLN): The foreign exchange reserves held by the country dipped by $123 million to stand at $25.02 billion during the week ended on December 10, 2021, weekly data released by the State Bank of Pakistan (SBP) showed on Thursday.

The State Bank of Pakistan (SBP) also witnessed a meager drop of $90mn in its reserves to $18.56bn during the week under review.

Furthermore, the reserves held by the commercial banks saw a decline of $33mn to stand at $6.45bn.

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