SBP’s forex reserves down $389mn to $9.33bn

KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) declined by $389 million during the week ended on July 15, ARY News reported on Thursday.

Sharing a break-up of the foreign reserves position, the central bank said that the reserves held by the State Bank of Pakistan stand at $9,328.6 million

“During the week ended on 15-Jul-2022, SBP’s reserves decreased by US$ 389 million to US$ 9,328.6 million mainly due to external debt repayments,” stated the SBP.

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Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $15,241.5 million, the SBP said.