Debt servicing drains dollar reserves, reports SBP
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
State bank’s forex reserves rise to $12.05 billion
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves recorded a modest increase of $13 million during the week ending December 6, reaching $12.05 billion, according to data released on Thursday. The nation’s total liquid foreign reserves now stand at $16.60 billion, comprising $4.55 billion held by commercial banks.