KARACHI: The country’s total foreign exchange reserves further decreased by $ 218 million during the last week.

According to State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood at $ 9.513 billion as of May 26, 2023 compared to $ 9.731 billion as on May 16, 2023.

During the week under review, SBP reserves decreased by $ 102 million to $ 4.091 billion due to external debt payments. Net foreign exchange reserves held by commercial banks fell by $ 116 million to $ 5.422 billion end of the last week down from $5.538 billion a week earlier.

Copyright Business Recorder, 2023