KARACHI: Reserves held by the State Bank of Pakistan (SBP) dropped by $148 million during the week ended on Jan 11 on account of debt servicing and other official payments.
The SBP reserves fell to $6.9 billion — their lowest level since April 11, 2014 when they hit a trough of $4.984 billion. The dollar stocks of central bank have breached the $7 billion-mark for the first time in almost five years.
On the other hand, holdings of the commercial banks edged up to $6.588 billion, from $6.548 billion stood while total liquid reserves of the country stood at $13.489 billion during the period under review.
