Pakistan’s Foreign Exchange Reserves Decline by $261.2 Million

Islamabad:The State Bank of Pakistan (SBP) has released the latest data on the country’s foreign exchange reserves, showing a significant decline. According to the SBP, Pakistan’s total foreign exchange reserves dropped by $261.2 million, reaching $16.37 billion as of December 20.

The central bank’s reserves alone decreased by $228 million, falling to $11.85 billion. Meanwhile, the reserves held by commercial banks also saw a decline of $33.2 million, reducing to $4.51 billion.

This reduction in reserves reflects the ongoing challenges faced by Pakistan’s economy, including pressures on its external accounts and the need for foreign inflows to stabilize the currency and support economic growth.