KARACHI: Pakistan's foreign exchange reserves fell to $16.64 billion in the week ending Feb.17, compared with $16.77 billion the previous week, the State Bank of Pakistan (SBP) said on Thursday.
Reserves held by the State Bank of Pakistan (SBP) fell to$12.21 billion from $12.29 billion a week earlier, while those held by commercial banks also fell to $4.43 billion, compared with $4.48 billion the previous week.
Foreign exchange reserves hit a record $18.31 billion in July last year, but have since fallen due to debt repayments.
Islamabad is repaying an $8 billion International Monetary Fund loan.
"The repayment of $399 million of the IMF loan (International Monetary Fund) is due tomorrow," said Syed Wasimuddin, chief spokesman of the SBP. (Reuters)
Reserves held by the State Bank of Pakistan (SBP) fell to$12.21 billion from $12.29 billion a week earlier, while those held by commercial banks also fell to $4.43 billion, compared with $4.48 billion the previous week.
Foreign exchange reserves hit a record $18.31 billion in July last year, but have since fallen due to debt repayments.
Islamabad is repaying an $8 billion International Monetary Fund loan.
"The repayment of $399 million of the IMF loan (International Monetary Fund) is due tomorrow," said Syed Wasimuddin, chief spokesman of the SBP. (Reuters)