SBP forex reserves fall $90m to $18.57bn

Foreign exchange reserves of the State Bank of Pakistan (SBP) fell by $90 million (0.48 per cent) to $18.568 billion on a week-on-week basis (WoW).

As per details, on December 10, the foreign currency reserves held by the SBP were recorded at $18,568.3 million, down $90 million compared with $18,658.2 million on December 3.

The overall reserves of the country dipped by $123m to $25.027bn while the holdings of the commercial banks slipped by $33m to $6.459bn over the preceding week.

The central bank gave no reason for the decrease in reserves.

 

Monitoring Desk
Monitoring Desk
Our monitoring team diligently searches the vast expanse of the web to carefully handpick and distill top-tier business and economic news stories and articles, presenting them to you in a concise and informative manner.

Must Read

Indian regulator rejects Apple request to put antitrust report on hold

NEW DELHI: India’s antitrust body has turned down a request from Apple to put a hold on an investigation report which found the company...