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Pakistan’s Overall Reserves Fall by $133 Million in One Week

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Legal Editorial Desk
Pakistan’s Overall Reserves Fall by $133 Million in One Week
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $9 million on a weekly basis, according to data issued by the central bank on Thursday. Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $19.605 billion, down $133 million over the previous week. According to the latest data released by the SBP, on November 21, the foreign currency reserves held by the SBP were recorded at $19.605 billion, down $133 million compared to $19.738 billion on November 14. The net reserves held by banks were recorded at $5.044 billion, registering a decrease of $142 million during the week.
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Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.

Advocates High Court & Tax Counsel Jurisdiction: Pakistan

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