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Karachi: The State Bank has stated that foreign exchange reserves decreased last week, and the total reserve level dropped to $16.18 billion.
According to statistics released by the State Bank, on January 17, the total foreign exchange reserves amounted to $16.18 billion, with $4.74 billion held by commercial banks.
The central bank reported that the official reserves of foreign exchange decreased by $27.6 million during the past week. The State Bank further mentioned that the decline in total national reserves led to a reduction in official reserves, which fell to $11.44 billion.
The State Bank of Pakistan’s foreign exchange reserves have increased by $30 million. According to the latest data released by the State Bank, the central bank’s reserves have risen from $11.69 billion to $11.72 billion.
Commercial banks’ foreign exchange reserves saw an increase of $42 million, bringing their total reserves to over $4.72 billion.
The State Bank confirmed that the country’s total foreign exchange reserves have increased by $73 million, reaching $16.45 billion.
