Karachi December 7 2023: The foreign exchange reserves of the State Bank of Pakistan (SBP) saw decrease of USD 237 million in a week, according to data released by the Central Bank.
As of December 1st, 2023, the current level of SBP reserves is USD 7,020.2 million. Central Bank foreign exchange reserves fall USD 488 million in the month of October 2023.
During the same time frame, foreign exchange reserves held by commercial banks decreased by USD 49 million, reaching USD 5,086.9 million as of December 1st, 2023.
Overall, the country’s total reserves experienced a decline of USD 286 million, reaching USD 12,107.1 million by the week ending on December 1st, 2023.