Summary The foreign exchange reserves held by other banks have also droped by US$54 million
ISLAMABAD (Dunya News) – Pakistan’s foreign exchange reserves on Thursday dropped by US$45.50 million.
According to a declaration issued by the State Bank, the country’s foreign exchange reserves stood around US$14.29 billion, whereas, the central bank’s reserves declined US$264 million to US$7.825 billion.
The foreign exchange reserves held by other banks have also droped by US$54 million to US$6.471 billion.
On October 4, foreign exchange reserves of State Bank of Pakistan (SBP) dropped by US$627 million to US$8.049 billion on Thursday.
Overall Pakistan’s foreign exchange reserves reached US$14.893 billion with reserves at other banks remaining unchanged at US$6.485 billion.
According to the central bank, reserves fell due to external debt servicing and other official payments.
