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

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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.

Summary of Holding and Weekly Change

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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Posted on: 2018-09-27T20:19:00+05:00

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