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.

Four dead after speeding car plunges into Naseer Canal in Sindh
- 9 hours ago
Dozens hospitalized after massive blaze on Petronas gas pipeline in Malaysia
- 9 hours ago

Microsoft tests Quick Machine Recovery to restore PCs that can’t boot
- 8 minutes ago
Lahore to Jeddah flight avoids crisis with swift emergency landing
- 7 hours ago
Russia's Supreme Court to rule on Taliban's status as terrorist group
- 7 hours ago

President Zardari admitted to hospital following health complications
- 10 hours ago
Two dead, 12 injured in vehicle accident in Lower Dir
- 9 hours ago
White House signals 20% global tariffs, sources say
- 12 hours ago

Bird Buddy’s solar-powered smart feeder is $100 off
- 8 minutes ago

Massive explosion at India’s Gujarat fireworks factory kills 17
- 12 hours ago

The Trump administration could green-light deep-sea mining for the first time
- 8 minutes ago

Facebook’s new Friends-only feed ditches all the algorithmic junk
- 8 minutes ago