Forex reserves dip to $24.63bn in a week

MG News | December 23, 2021 at 09:43 PM GMT+05:00

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December 23, 2021 (MLN): The foreign exchange reserves held by the country dipped by $394.8 million or 1.67% WoW to stand at $24.63 billion during the week ended on December 17, 2021, compared to $25.02 billion in the previous week, weekly data released by the State Bank of Pakistan (SBP) showed on Thursday.

The reserves held by the central bank during the week decreased by $415million to $18.15 billion, mainly due to external debt repayment. Whereas, the reserves of commercial banks increased by $20 million to $6.48 billion from $6.46 billion in the previous week.

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