KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) declined by $190 million to $10.308 billion during the week ended on May 6, announced the central bank on Thursday.

The overall reserves of the country also dipped to $16.375bn while the holdings of the commercial banks were $6.067bn during the week.

After attaining a peak of $20bn in August 2021, the SBP reserves hit a 23-month low while the country’s total forex stocks also slumped to a 28-month low during the week under review.

Published in Dawn, May 13th, 2022