SBP reserves decrease by $66m
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Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $66 million on a weekly basis, 24NewsHD TV channel reported on Thursday.
Total liquid foreign reserves held by the country stood at $13.25 billion. Net foreign reserves held by commercial banks stood at $5.10 billion.
The SBP attributed the decline in the reserves to debt repayments. “During the week ended on 5-Jan-2024, SBP’s reserves decreased by US$ 66 million to US$ 8,154.8 million due to debt repayments,” it said.