KARACHI: The State Bank of Pakistan has reported a reduction of $143 million in its foreign exchange reserves, attributed to external debt repayments.
Details show that the impact of financial commitments caused the reserves to drop to $11.71 billion. However, throughout the preceding week, dollar deposits at commercial banks increased by $180 million.
Positive inflows into the financial sector are shown by the $4.7 billion increase in deposits.
The strain on the nation’s foreign exchange reserves was somewhat relieved by the increase in deposits at commercial banks. As a consequence, Pakistan now has $16.4087 billion in total foreign reserves, up $372 million.
The central bank emphasized that the increase in bank deposits helped to stabilise the situation as repayments continued.
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