Business

SBP Reserves Fall Below $14.5 Billion Level

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $69 million on a weekly basis according to data issued by the central bank on Thursday.

According to the latest data released by the SBP, on July 18, the foreign currency reserves held by the SBP were recorded at $14.457 billion, down $69 million compared to $14.526 billion on July 11.

Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $19.918 billion, down 40 million over the previous week.

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The net reserves held by banks were recorded at $5.461 billion, registering an increase of $28 million during the week.

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Published by
Business Desk