Forex reserves down $124m

11 Aug, 2023

KARACHI: The country’s foreign exchange reserves declined by $ 124 million during last week. The State Bank of Pakistan (SBP) reporter on Thursday that Pakistan’s liquid foreign exchange reserves stood at $ 13.34 billion as of August 4, 2023.

During the week under review, reserves bled by the SBP decreased by $110 million reaching $ 8.04 billion due to external debt payment. While net forex reserves of the commercial banks stood at $5.3 billion, down by $ 14 million.

Copyright Business Recorder, 2023

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