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.