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Tuesday, June 18, 2024  
11 Dhul-Hijjah 1445  

SBP foreign exchange reserves fall by $217.1mln

External payments caused the SBP's foreign exchange reserves to drop

The foreign exchange reserves of the State Bank of Pakistan dropped by $217 million.

The State Bank of Pakistan (SBP) reported that for the week ending November 17, external payments caused the SBP’s foreign exchange reserves to drop by $217 million to $7.18 billion.

The country’s commercial banks had $5.122 billion as of November 17.

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SBP

State Bank Of pakistan

foreign exchange reserves

Foreign remittances