KARACHI: Pakistan’s foreign reserves decreased by US$389 million to $14.86 during the week ending on July 19.
According to the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood at US$14.86 billion.
The break-up of the foreign reserves position is as follow:
Foreign reserves held by the SBP: $7.61 billion
Net foreign reserves held by commercial banks: $7.25 billion
Total liquid foreign reserves: $14.86
The central bank said the SBP reserves plunged $389 million to $7.61 billion owing to the country’s external financial requirements, including external debt servicing and other debt amortisation.
