Karachi December 2 2021: Foreign exchange reserves held by State Bank of Pakistan decline by USD 1.188 billion during the month of November till the week ending 26th November 2021, as per data released by the Central Bank.
The main reason of this decline in foreign exchange reserves could be the higher commodity imports of USD 8.01 billion during the month, which is the highest value of imports for any given month in the history of country.
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At present, SBP reserves stands at the level of USD 16.01 billion as of 26th November 2021 compared to USD 20.074 billion at the end of August 2021.
During the same period, foreign exchange reserves held by commercial banks decline by USD 141 million to the level of USD 6.488 billion as of 26th November 2021.
Overall reserves held by country witnessed decline of USD 1.431 during the month of November.