Pakistan’s foreign reserves plunge by $79 million

BusinessPakistan’s foreign reserves plunge by $79 million
  • Total reserves: $12.5 billion, down by $79 million
  • SBP reserves: $7.4 billion, down by $115 million
  • Commercial Banks reserves: $5.1 billion, up by $36 million

KARACHI, Pakistan: The Country’s total liquid foreign reserves again plunged by US$ 78.7 million to stand at US$ 12.5 billion by November 10, 2023.

The latest data shared by the State Bank of Pakistan showed that the total liquid foreign reserves held by the Country as of November 10, 2023 were US$ 12,535.5 million.

Likewise, the Central Bank’s foreign reserves also fell to US$ 7.4 billion in the week ended on November 10, showing a decrease of US$ 114.8 million.

The reserves held by the Central Bank stood at US$ 7,396.7 million by Thursday last whereas previously they were US$ 7,511.5 million.

Whereas the Commercial Banks had foreign reserves of US$ 5,138.8million as of November 10, registering an increase of US$ 36.1 million.Pakistan’s foreign reserves plunge by $79 million

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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