SBP reserves fall $205 million to $12,154.7 million

SBP reserves fall $205 million to $12,154.7 million

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Karachi: Pakistan’s foreign exchange reserves fell by US$205 million, a decline of 1.7%, and the total current foreign exchange held by the country on Thursday was US$19.351 billion.

According to data released by the National Bank of Pakistan (SBP), on Thursday, the foreign exchange reserves held by SBP was 12.154.7 billion U.S. dollars.

As of this weekend, the central bank has repaid US$580 million in foreign debt.

Taking into account the inflow of official funds, including the US$300 million received from the Asian Development Bank (ADB), the SBP reserve was reduced by US$205 million.

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