Karachi February 2 2023: SBP foreign exchange reserves for the week ending Jan 27, 2023, were down by USD 592 million to USD 3,086 million, the lowest since 07-Feb-2014, as per data released by the Central Bank.
At present, SBP reserves stand at the level of USD 3,086 million as of 27th January 2023 compared to USD 3,678 million at the end of the week ending 20th January 2023.
During the same period, foreign exchange reserves held by commercial banks also decreased by USD 119 million to the level of USD 5,656 million as of 27th January 2023.
Overall reserves held by the country witnessed a decline of USD 712 million to USD 8,742 million during the week ending 27th January 2023.
