Pakistan’s foreign reserves continue to fall; further down by $257 million

BusinessPakistan’s foreign reserves continue to fall; further down by $257 million
  • Total reserves: $12.6 billion, down by $257 million
  • SBP reserves: $7.5 billion, down by $220 million
  • Commercial Banks reserves: $5.2 billion, down by $37 million

KARACHI, Pakistan: The Country’s total liquid foreign reserves were further reduced to to US$ 12.66 billion as of October 20, 2023, decreasing by US$ 257 million in a week.

The latest data shared by the State Bank of Pakistan showed that the total liquid foreign reserves held by the Country stood at US$ 12,655.6 million.

   

The Central Bank’s foreign reserves also plunged to US$ 7.5 billion in the week ended on October 20, showing a decrease by US$ 219.8 million.

The reserves held by the Central Bank stood at US$ 7,494.2 million by Friday last whereas previously they were US$ 7,714.0 million.

Whereas the Commercial Banks had foreign reserves of US$ 5,161. million as of October 20, registering a decrease of US$ 37.5 million.Pakistan’s foreign reserves continue to fall; further down by $257 million

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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