KARACHI: Pakistan’s foreign exchange reserves dropped $66 million, or 0.32 percent, during the week ended December 18, the central bank reported on Thursday.
The country’s foreign exchange reserves stood at $20.313 billion, compared with $20.379 billion a week ago.
The forex reserves held by the State Bank of Pakistan (SBP) decreased $83 billion to $13.216 million.
The decline in the reserves was attributed to the external debt repayments, the SBP said. The foreign exchange reserves of commercial banks stood at $7.096 billion, compared with $7.080 billion in the previous week.