KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP)decreased by $342 million to $12.35bn during the week ended on 25th ofSeptember.
According to the central bank’s weekly report, its reserves dropped to$12,359.7 million. The central bank attributed the decrease to governmentexternal debt payments of $311 million.
Detailing the position of the reserves, the SBP said that the overallforeign reserves of the country stood at $19.53 billion. The central banksaid that the commercial banks currently held the foreign reserves of$7,175.1 million.
Read More: SBP reserves decline by US$119 million after external debtrepayments link
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Earlier on September 24, the State Bank of Pakistan (SBP) had announced adecline in foreign reserves of the country by United States Dollar (USD)119 million owing to external debt repayments by the government during theweek ending on 18th of September.
