SBP reserves shrink by $242m, stand at $7.2bn

The total liquid foreign reserves held by the country stood at $13.7 billion on December 7, 2018.

According to a statement issued by the central bank, the country’s foreign reserves held by the State Bank of Pakistan stood at $7.2 billion, while net foreign reserves held by commercial banks stood at $6.4 billion.

During the week under review, SBP’s reserves decreased by $242 million to $7.2 billion owing to external debt servicing and other official payments.

- Advertisement -


Comments are closed.

- Advertisement -

Must Read

PSX revises market timings

KARACHI: The Pakistan Stock Exchange (PSX) has announced revised timings of the market, which will take effect from the date of 'Go Live' of...