Pakistan’s foreign exchange reserves drop by $115mn

KARACHI – State Bank of Pakistan’s (SBP) liquid foreign exchange reserves reached $7,396.7 million after decreasing by $115 million during the week ended on November 10, 2023.

As per the data released by the SBP on Thursday, foreign exchange reserves held by commercial banks stood at $5,138.8 million.

As such, total liquid foreign reserves held by the country stood at $12,535.5 million as of November 10, 2023.

SBP’s reserves decreased by $115 million due to debt repayments.

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