Foreign exchange reserves slump to 14.9447bn

According to details, the total amount of foreign exchange reserves hold by the country slumped to $14,944.7 million.

The weekly statement released by State Bank of Pakistan (SBP) revealed that foreign reserves held by State Bank on December 26 were  $10.304.9 million with the decrease of $59.7 million and the net foreign reserves held by other bank were $ 4,639.8 million.

During the week, SBP has also paid back loan tranche of $14 million to International Monetary Fund (IMF).