Pakistan’s foreign exchange reserves slip to $23.55 bn

Pakistan’s foreign exchange reserves slip to $23.55 bn

KARACHI: The liquid foreign exchange reserves of the country slipped by $476 million to $23.55 billion by the week ended November 12, 2021, the State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $24.026 billion by the week ended November 05, 2021.

The official reserves of the SBP also fell by $381 million to $16.945 billion by the week ended November 12, 2021, as compared with $17.326 billion a week ago.

The foreign exchange reserves maintained by commercial banks also declined by $95 million to $6.605 billion by the week ended November 12, 2021, as compared with $6.7 billion a week ago.