SBP foreign exchange reserves fall to $18.1bn

KARACHI: State Bank of Pakistan’s (SBP) foreign exchange reserves decreased by 2.23% on a weekly basis, data released by the central bank showed on Thursday.

On December 17, the foreign currency reserves held by the central bank were recorded at $18,153.7 million, down by $415 million compared with $18,568.3 million on December 10.

The central bank cited external debt repayments as a reason behind the weekly decline.

Meanwhile, overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $24,633 million. Net reserves held by banks amounted to $6,479.3 million.

The total liquid foreign reserves held by the country stood at US$ 24,633.0 million on 17-December-2021. The break-up of the foreign reserves position is as under:-