Pakistan’s Forex Reserves continue to decline as SBP Reserves fall by 3.14% in one week

MG News | September 27, 2018 at 08:19 PM GMT+05:00
According to data released by the State Bank of Pakistan, the total liquid foreign reserves held by the country stood at USD 15,521.5 million on Sep 19, 2018.
Foreign reserves held by | Sep 19, 2018 | Sep 14, 2018 | Change | % Change |
---|---|---|---|---|
State Bank of Pakistan | 9,036.20 | 9,328.80 | -292.60 | -3.14% |
Net Foreign Reserves Held by Banks | 6,485.30 | 6,461.30 | 24.00 | 0.37% |
Total Liquid Foreign Reserves | 15,521.50 | 15,790.10 | -268.60 | -1.70% |
Amount in USD Million
According to SBP, it’s reserves decreased due to external debt servicing and other official payments.
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