KARACHI: SBP’s liquid foreign exchange reserves recorded a week-on-week decrease of 1%, falling from last week’s $8,787 million to $8,882 million this week. SBP foreign exchange reserves recorded a decline of $95 million till the week ended on October 17.
According to data released by SBP, during the week, the SBP made payments of $118 million on account of external debt servicing while there were no significant inflows.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $13,464.9 million while net foreign reserves held by banks amounted to $4,677.6 million. Though the reserves have come down, they are expected to get some boost early next month from the sale of shares in Oil and Gas Development Company on the London Stock Exchange. The government is likely to receive around $800 million from the share float.
