The State Bank of Pakistan has reported a notable decrease of $397 million in its dollar reserves. The reserves, which were previously $9.42 billion, have now fallen to $9.03 billion.
The State Bank of Pakistan (SBP), on Thursday, informed that its liquid foreign reserves decreased by $397 million to $9,027.2 million due to external debt repayments during the week ended on July 19, 2024.
Meanwhile, net foreign reserves held by commercial banks were recorded as $ 5,308.2 million during the week under review, it added.
Total liquid foreign reserves held by the country, in the previous week ended on July 12, 2024, were $14,703.5 million. Among them foreign reserves held by the central bank were recorded as $ 9,423.7 million while $ 5,279.8 million were held by commercial banks.
