Foreign exchange reserves fall by $576 million to $13.996 billion on foreign debt payments

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KARACHI: Pakistan’s total foreign exchange reserves fell by $576 million during a week over repayment of foreign debts, State Bank of Pakistan (SBP) said on Thursday.

 

 

The total foreign exchange reserves of the country have fallen by $576 million to $13.996 billion by week ended November 30, 2018 as compared with $14.572 billion in the preceding week.

The official reserves of the SBP decreased by $560 million to $7.502 billion as against $8.062 billion. The central bank said that the official reserves had fallen due to external debt servicing and other official payments.

The reserves held by commercial banks also declined nominally by $16 million to $6.494 billion as compared with $6.510 billion.

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