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Home Karachi

Foreign exchange reserves slip to $14.827b

byCT Report
14/06/2019
in Karachi, Latest News
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KARACHI: The total foreign exchange reserves of the country have slipped by $63 million to $14.827 billion by week ended June 03, 2019 as compared with $14.89 billion as on May 31, 2019, State Bank of Pakistan (SBP) said on Thursday.

The official foreign exchange reserves of the SBP reduced by $55 million to $7.807 billion by week ended June 03, 2019 as compared with $7.862 billion on May 31, 2019.

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The central bank said that its reserves were declined due to payments on account of external debt servicing. The reserves held by commercial banks also fell by $8 million to $7.019 billion from $7.027 billion.

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