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.
Total liquid foreign #reserves held by the country stood at US$ 11.42 billion as of December 30, 2022.
For details https://t.co/WpSgomnKT3 pic.twitter.com/1uJn3rmSLG— SBP (@StateBank_Pak) January 5, 2023
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.