KARACHI: Foreign exch­ange reserves of the State Bank of Pakistan (SBP) decreased by $415 million to $18.15 billion during the week ending on Dec 17, data released by the central bank showed on Thursday.

The dip in the SBP’s foreign exchange reserves was because of external debt repayment during the period, a statement by the central bank said.

The holdings of the commercial banks were $6.48bn. The country’s overall reser­v­es totalled $24.66bn at the end of the week under review.

Published in Dawn, December 24th, 2021