BR100 Decreased By (-0.73%)
BR30 Decreased By (-0.77%)
KSE100 Decreased By (-0.49%)
KSE30 Decreased By (-0.47%)
BECO 5.77 Increased By ▲ 0.46 (8.66%)
BML 53.00 Increased By ▲ 1.42 (2.75%)
BOP 33.99 Increased By ▲ 0.03 (0.09%)
CNERGY 8.11 Decreased By ▼ -0.20 (-2.41%)
DCL 12.20 Increased By ▲ 0.40 (3.39%)
FCCL 52.83 Decreased By ▼ -0.17 (-0.32%)
FCSC 5.07 Increased By ▲ 0.12 (2.42%)
FFL 17.95 Decreased By ▼ -0.20 (-1.1%)
FNEL 1.29 Decreased By ▼ -0.03 (-2.27%)
HUMNL 10.88 Decreased By ▼ -0.12 (-1.09%)
KEL 8.02 Decreased By ▼ -0.12 (-1.47%)
KOSM 5.52 Decreased By ▼ -0.06 (-1.08%)
MLCF 86.51 Decreased By ▼ -1.37 (-1.56%)
NBP 185.16 Decreased By ▼ -2.53 (-1.35%)
PACE 10.58 Decreased By ▼ -0.23 (-2.13%)
PAEL 39.42 Decreased By ▼ -0.65 (-1.62%)
PIAHCLA 26.22 Decreased By ▼ -0.27 (-1.02%)
PIBTL 16.67 Decreased By ▼ -0.09 (-0.54%)
PPL 228.18 Decreased By ▼ -2.19 (-0.95%)
PRL 34.68 Decreased By ▼ -0.36 (-1.03%)
PTC 65.33 Increased By ▲ 0.82 (1.27%)
SEARL 90.13 Increased By ▲ 0.25 (0.28%)
SSGC 26.60 Decreased By ▼ -0.37 (-1.37%)
TELE 8.28 Decreased By ▼ -0.09 (-1.08%)
THCCL 58.50 Decreased By ▼ -0.58 (-0.98%)
TPLP 8.22 Increased By ▲ 0.04 (0.49%)
TREET 24.53 Decreased By ▼ -0.47 (-1.88%)
TRG 69.71 Decreased By ▼ -0.92 (-1.3%)
WAVES 9.94 Decreased By ▼ -0.07 (-0.7%)
WTL 1.28 Decreased By ▼ -0.01 (-0.78%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Business & Finance Print edition: 2023-05-26

Forex reserves down $206m

Published May 26, 2023 Updated May 26, 2023 08:54am
Save
1 min
comment 3
By Recorder Report
Add BRecorder as a trusted
source on Google
Google Preferred Source

KARACHI: The country’s total liquid foreign exchange reserves declined by another $206 million during the last week. According to weekly report issued by the State Bank of Pakistan (SBP) on Thursday, the total liquid foreign exchange reserves held by the country stood at $9.731 billion as of May 19, 2023 compared to $9.937 billion on May 12, 2023.

SBP-held forex reserves fall $72mn, now stand at $4.31bn

During the week under review, the SBP’s reserves decreased by $ 119 million to $ 4.193 billion due to external debt payments. Net foreign exchange reserves held by commercial banks also declined by $ 87 million to $5.538 billion.

Copyright Business Recorder, 2023

SBP foreign exchange reserves SBP reserves external debt payments Pakistan forex reserves

Comments

Comments are closed for this article.

Tulukan Mairandi May 26, 2023 07:05am
$200 million used to buy PKR from open market, so it can gain PKR2 or 3, otherwise it would have tanked to 315.
0
ALI RAZA Meghani May 26, 2023 08:31am
Un understandable Balance of payment positive but reserve down?
0
Mehboob Ali Lalani May 26, 2023 09:05am
Continuously declining foreign exchange reserve badly impact on our currency values. This will hit the inflation further high. The net result will be more bearish market trend and less tax collection. To avoid this, we need to singularly focus on building foreign exchange reserves.
0
More Stories

Browse all stories