KARACHI: The State Bank of Pakistan’s (SBP) exchange reserves held declined by 0.2 per cent on the week ended April 8.
According to data released by the central bank, the bank’s liquid foreign exchange reserves decreased $37 million to $16,041 million compared to $16,078 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 $20,834.3 million while net reserves held by banks amounted to $4,793.5 million.
SBP-held foreign exchange reserves had increased 3.1% on a weekly basis on April 1 after the central bank received $978 million during the week from multilateral, bilateral and other official sources, including $503 million received from the IMF under EFF and $408 million as financing for the government.
