KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves declined by 1.3% or $212 million to $15,435 million ($15.43 billion) on a weekly basis on January 29 as compared to $15,647 million in the previous week.
According to data released by the central bank, the country’s total liquid foreign reserves stood at $20,275.8 million ($20.27 billion), while net reserves held by banks amounted to $4,840.4 million.
Last month, foreign exchange reserves held by the SBP increased 3.5% on a weekly basis after it received $500 million from the IMF. The SBP received $918 million in November from multilateral, bilateral and other official sources, which include $500 million from the World Bank and $400 million from the Asian Development Bank. SBP-held reserves increased 13.4%, or $1,794 million, in October.
