SBP Releases Data on Country’s Foreign Exchange Reserves

The State Bank of Pakistan (SBP) has released data on the country’s foreign exchange reserves.

According to the SBP, the country’s foreign exchange reserves decreased by 284.7$ million in the last trading week of December.

SBP said that the country’s total foreign exchange reserves stood at 11.42$ billion as on December 30, 2022.

According to the SBP data, the reserves have decreased by 24.54$ million to 5.57$ billion.

SBP said that at the end of December 2021, the country’s total foreign exchange reserves were 23.88 $ billion, while the country’s foreign exchange reserves in December 2022 were 11.42$ billion. The country’s foreign exchange reserves have decreased by 12.46$ billion in one year.

SBP’s reserves decreased by 121 & million in the year 2022, SBP’s reserves were 17.68 $ billion at the end of the year 2021, SBP’s reserves decreased by 6.26$ billion in the first quarter of the year 2022, 1.60$ billion in the second quarter, 1.93 $ billion in the third quarter and 2.30 $ billion in the fourth quarter.

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