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SBP’s reserves decrease by $228m to $12.284b

byCustoms Today Report
29/05/2015
in Business
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KARACHI: Pakistan’s total foreign exchange reserves have reached $17.494 billion during the week ending May 22 as compared to $17.749 billion of the previous week.

The State Bank of Pakistan (SBP) said its reserves decreased by $228 million to $12.284 billion from $12.512 billion, and the other banks’ holdings were $5.210 billion as compared to $5.237 billion.

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During the week, the SBP paid the last instalment of $136m to International Monetary Fund (IMF) under Stand-By Arrangement (SBA).

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