Pakistan’s weekly foreign exchange reserves slip by $60 million

Pakistan’s weekly foreign exchange reserves slip by $60 million

KARACHI: The liquid foreign exchange reserves of the country slipped by $60 million to $17.595 billion by week ended December 20, 2019, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $17.655 billion by week ended December 13, 2019.

The foreign exchange reserves held by the SBP increased by $15 million to $10.907 billion by week ended December 20, 2019 as compared with $10.892 billion a week ago.

The SBP said that on December 23, 2019, it received $452.4 million from International Monetary Fund (IMF) as second tranche under EFF program.

These funds will be part of SBP weekly reserves data as of December 27, 2019, to be released on January 02, 2020.

The foreign exchange reserves held by commercial banks fell by $75 million to $6.688 billion as against $6.763 billion a week ago.

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