The central bank cites external debt repayments as a reason behind the weekly decline.


The foreign exchange reserves of the State Bank of Pakistan’s (SBP) plunged by 2.23% on a weekly basis.
According to the data released by the central bank on December 17, the foreign currency reserves held by the central bank were recorded at $18,153.7 million, down by $415 million compared with $18,568.3 million on December 10.
The central bank cited external debt repayments as a reason behind the weekly decline.
Meanwhile, overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $24,633 million. Net reserves held by banks amounted to $6,479.3 million.
The total liquid foreign reserves held by the country stood at US$ 24,633.0 million on 17-December-2021.

Prisoners lists exchanged between Pakistan, India
- 5 hours ago
Dubai successfully tests first air taxi
- 3 hours ago

KSE-100 index surges past 127,000 points
- 2 hours ago

Over 50,000 evacuated as wildfires devastate Turkey’s Izmir
- 3 hours ago
Judicial Commission approves appointments of CJs of three high courts
- 4 hours ago

Student dies, 8 injured as van catches fire near Ahmadpur Sharqia
- 3 hours ago

Sindh govt declares July 5-6 public holidays for Youm-e-Ashura
- 32 minutes ago

Polio campaign extended to age 15 amid new cases in older children
- an hour ago

Cambridge offers candidates free re-sits for leaked exam papers
- 4 hours ago

New great feature for people using Gmail on Android phones
- 5 hours ago

Massive hike in gold rates across Pakistan
- 3 hours ago
US officially ends sanctions program on Syria
- 2 hours ago