Pakistan’s overall forex reserves fell $211 million to $11.49 billion.
KARACHI: Pakistan’s overall foreign exchange reserves fell by $211 million to $11.49 billion during the week ended Dec. 28, data released by the Bank of Pakistan (SBP) said on Saturday.
according to the details Foreign exchange reserves held by SBP fell by over $200 million to $5.61 billion. Bank reserves fell $3.3 million to $5.88 billion.
“During the week ending Dec. 28, 2022, SBP’s reserves decreased $200.79 million to $5,61.40 billion due to external settlements,” SBP said in a statement.
In a statement, the State Bank of Pakistan (SBP) said the country’s total liquid foreign exchange reserves stood at $11.49 billion. The net international reserves held by commercial banks were $5.88.20 billion.
Read more: Pakistan Business Forum Says 2022 Still ‘Worst’ Year For Pakistan
The central bank said that in the current year of 2022, overall forex reserves have dropped to $12.62 billion.
The report further stated that Pakistan’s total foreign exchange reserves stood at $24.11.60 billion on December 28, 2021. The SBP held $17.68.10 billion. and commercial banks hold $6.43.50 billion in foreign exchange reserves.