Foreign exchange reserves fall by $67 million

Foreign exchange reserves fall by $67 million

KARACHI: The foreign exchange reserves of the country fell by $67 million to $20.313 billion by week ended December 18, 2020, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $20.380 billion by week ended December 11, 2020.

The official reserves of the SBP fell by $83 million to $13.216 billion as compared with $13.299 billion a week ago.

The central attributed the decline in the official reserves to external debt repayment during the week.

The foreign exchange reserves held by commercial banks increased by $16 million to $7.097 billion by week ended December 18, 2020 when compared with $7.081 billion a week ago.

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