Foreign reserves down by $691m

KARACHI: The total liquid foreign reserves held by State Bank of Pakistan (SBP) decreased by $691 million to $16.254 billion during the week ended on November 19, 2021, mainly due to external debt repayment. According to SBP data issued on Thursday, the total liquid foreign reserves held by the country stood at $22.773 billion on November 19, 2021.

Foreign reserves held by the SBP stood at $16.254 billion while net foreign reserves held by commercial banks stood at $6.519 billion on November 19, 2021.