KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves have reduced 0.5% on a weekly basis on July 10.
According to data released by the central bank, the SBP’s liquid foreign exchange reserves decreased $66 million to $13,469 million compared to $13,535 million in the previous week.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $ 18,589.9 million while net reserves held by banks amounted to $5,120.5 million.
In the week ending on July 3, SBP-held foreign exchange reserves increased 3.8% mainly because of the receipt of $514 million from multilateral and bilateral sources, which included $506 million received from the IMF under the Extended Fund Facility.
