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SBP international trade reserves drop to lowest degree since June 2021

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— Reuters/File
  • International trade reserves held by the central financial institution fell 4.07% to $16,254.1 million on a weekly foundation.
  • In the meantime, total reserves dropped to its seven-month low.
  • Internet reserves held by banks amounted to $6,519.7 million.

KARACHI: The State Financial institution of Pakistan’s (SBP) international trade reserves fell 4.1% to their lowest degree since June 25, 2021.

The international trade reserves held by the central financial institution fell 4.07% on a weekly foundation, in accordance with knowledge launched by the State Financial institution of Pakistan (SBP) on Thursday.

In line with knowledge launched by the central financial institution, the reserves had been recorded at $16,254.1 million on November 19, down $691 million in contrast with $16,945.4 million on November 12 on account of “external debt repayments.”

— Arif Habib Limited
— Arif Habib Restricted

The general reserves, together with reserves held by banks aside from the SBP, dropped to its seven-month low. Complete reserves stood at $22,773.8 million, recording a decline of $777 million — lowest since April 30, 2021.

In the meantime, web reserves held by banks amounted to $6,519.7 million.

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