KARACHI: Foreign exchange reserves held by State Bank of Pakistan down for consecutive three weeks. For the week ending May 06, 2022, Reserves held with SBP down by USD 190 million to USD 10.31 billion as per data released by the Central Bank.
The main reason of this decrease in foreign exchange reserves is external debt repayments.
At present, SBP reserves stands at the level of USD 10.31 billion as of 6th May 2022 compared to USD 10.50 billion at the end of week ending 30th April 2022.
During the same period, foreign exchange reserves held by commercial banks increased by USD 13 million to the level of USD 6.07 billion as of 6th May 2022.
Overall reserves held by country witnessed a decrease of USD 178 million during the week ended 6th May 2022.