Foreign exchange reserves ease to $18.74 billion

KARACHI: The foreign exchange reserves of the country eased by $10 million to $18.745 billion by week ended May 02, 2020, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves were at $18.755 billion a week ago i.e. April 30, 2020.

The official reserves of the central bank fell by $58 million to $12.271 billion by week ended May 08, 2020 as compared with $12.329 billion a week ago.

The SBP said that the official reserves of the central bank fell due to external debt repayment.

The reserves held by commercial bank increased by $48 million to $6.474 billion by week ended May 08, 2020 as compared with $6.426 billion a week ago.

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