KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.22% on a weekly basis on July 22, according to data released by the central bank.
SBP’s liquid foreign exchange reserves decreased $40 million to $18,037 million compared to $18,077 million in the preceding week. During the week, the SBP made payments of $83 million on account of external debt servicing.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $22,996.6 million while net reserves held by banks amounted to $4,959.7 million. Three weeks ago, the SBP-held reserves increased 7.8% on a weekly basis after it received $1,340 million from multilateral, bilateral and other official sources that included $501 million from the IMF, $502 million from the World Bank and $307 million from the ADB.
