Foreign exchange reserves decrease by $126 million

KARACHI: The foreign exchange reserves of Pakistan have decreased by $126 million to $18.618 billion by week ended May 15, 2020.

The foreign exchange reserves of the country a week ago were $18.744 billion, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of SBP fell by $141 million to $12.129 billion by week ended May 15, 2020 as compared with $$12.27 billion a week ago.

During the week, the external debt repayments of $156.1 million were made, which explain the fall in the FX reserves, the SBP said.

The foreign exchange held by commercial banks increased by $15 million to $6.489 billion by week ended May 15, 2020 as compared with $6.474 billion a week ago.

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