KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $238.9 million to $8.9 billion during the week ended on June 21, 2024, data released by State Bank of Pakistan showed on Thursday.
The central bank cited external debt repayments as the reason for this decline.
“During the week ended, SBP reserves decreased by $239m due to external debt repayments,” said a statement issued by the SBP.
Similarly, the country’s total reserves decreased by $207.3m to $14.21bn.The reserves held by commercial banks rose by $31.6m to $5.31bn.
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