The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell slightly on a weekly basis according to data issued by the central bank on Thursday.
According to the latest data released by the SBP, on January 03, the foreign currency reserves held by the SBP were recorded at $11.695 billion, down $15 million compared to $11.710 billion on December 27. This is the third straight decline in the central bank’s reserves on a weekly basis.
Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $16.378 billion, down 31 million over the previous week.
The net reserves held by banks were recorded at $4.683 billion, down $16 million from $4.698 billion last week.
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But but but but economy is awesome right .
Interest rates are down right. Right
Real transperancy and accountability is in sharing the expenditure data with public. Just the news of rising and falling is useless. Public should know where each and every dollar is spent.