Tuesday, July 16, 2024

State Bank’s Reserves Dropped to $7.8 Billion

The foreign exchange reserves of SBP (State Bank of Pakistan) has been decreased by $134 million to $7.83 billion during the surpassed week of November 18, 2022.

A statement has been issued by SBP (State Bank of Pakistan) stating that the net liquid foreign reserves are now at $13.65 billion. whereas, the total foreign reserves of commercial banks are at $5.82 billion.

“During the week ended on November 18, 2022, SBP’s reserves decreased by $134 million to $7,825.7 million due to external debt repayment,” stated by SBP.

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