KARACHI: Pakistan’s total foreign exchange reserves fell to $19.68 billion, according to the latest data released by the State Bank of Pakistan (SBP).
The central bank reported a modest increase of $16 million in its own reserves, which rose from $14.45 billion to $14.47 billion during the week under review.
However, reserves held by commercial banks recorded a sharp decline of $182 million, dropping from $5.39 billion to $5.21 billion.
As a result, the country’s overall reserves decreased by $165 million, down from $19.85 billion to $19.68 billion.
The change reflects continued pressure on the external account, as Pakistan manages foreign payments and efforts to stabilize its balance of payments.
