SBP reserves drop $169m to $17.69b

Author: Web Desk

KARACHI: According to figures issued by the State Bank of Pakistan (SBP) on Thursday, the central bank’s foreign exchange holdings declined $169 million in the week ended December 31.

According to the central bank, the SBP’s foreign currency reserves were recorded at $17,680 million on December 24, down $169 million from the previous day’s figure of 17,855.3 million.

The central bank gave no reason behind the decrease.

The break-up of the foreign reserves position is as under:

  • Foreign reserves held by the State Bank of Pakistan: $17,686.0 million
  • Net foreign reserves held by commercial banks: $6,332.8 million
  • Total liquid foreign reserves: $24,018.8 million

Share
Leave a Comment

Recent Posts

  • Pakistan

Labour Day — A reminder for better facilities to workers

When international labor community was observing International Labour Day, scores of illiterate laborers in Pakistan…

4 hours ago
  • Pakistan

Xinjiang enjoys social stability, religious freedom and economic development

A delegation of Pakistani elite youth which recently visited Urumqi, Kashgar, and Atush said that…

4 hours ago
  • Pakistan

Pakistan, Turkey, Iran, Azerbaijan, Kazakhstan and Tajikistan delegation visits Beijing

A delegation comprised over 15 participants from the Economic Cooperation Organization Science Foundation (ECOSF) including…

4 hours ago
  • Pakistan

COMSTECH partneres with Chinese University for training program in China

The Committee on Science and Technology of the Organization of Islamic Cooperation (COMSTECH) has partnered…

4 hours ago
  • Pakistan

Street gang war leaves shopkeeper dead in Lahore’s Model Town

A cross-firing between two rival groups on Model Town Link Raod claimed the life of…

4 hours ago
  • Pakistan

Woman kidnaps her own son in Narowal

A woman with the help of her lover kidnapped her own son in Narowal, police…

4 hours ago