KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves have declined by 0.2% on the week ended June 12.
According to data released by the central bank, the SBP’s reserves decreased $29 million to $12,284 million as opposed to $12,313 million in the previous week.
The country’s total liquid foreign reserves, including net reserves held by banks other than the SBP, stood at $17,448.5 million while net reserves held by banks amounted to $5,164.2 million.
In April, foreign exchange reserves held by the SBP increased 5.1% because of the receipt of HBL’s privatisation proceeds. Reserves went up by almost 4% in April following the receipt of $538 million from multilateral, bilateral and other sources, including $498 million from the IMF.
