KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) declined by $135 million to $8.465 billion during the week ended on Sept 20.

The SBP said on Thursday that the reserves decreased due to external debt payments. However, since May this year, the reserves of both the SBP and commercial banks have increased.

The reserves of the SBP in May were $7.862bn which rose by $603m till Sept 20. Similarly, the reserves of the commercial banks increased by $285m to $7.303bn; since May till Sept 20. The country’s total reserves were $15.772bn.

Published in Dawn, September 27th, 2019