KARACHI:

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $72 million, reaching $14.23 billion, primarily due to scheduled external debt repayments, according to data released by the central bank on Thursday.

Meanwhile, the net foreign exchange reserves held by commercial banks remained stable at $5.26 billion, bringing the country's total liquid foreign reserves to $19.50 billion. Moreover, the Pakistani rupee posted a marginal gain against the US dollar, appreciating by 0.04% in the inter-bank market. By the end of trading, the local currency closed at 282.56, marking an improvement of Rs0.11 from the previous day's close at 282.67.

On the global front, the US dollar weakened against major currencies amid growing expectations of interest rate cuts by

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