Pakistan's Forex Reserves decrease by USD 292 Million

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MG News | August 16, 2018 at 07:21 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 US$16,712.8 million on Aug 10, 2018

Summary of Holding and Weekly Change

Foreign reserves held by Aug 10, 2018 Aug 03, 2018 Change % Change
State Bank of Pakistan 10,152.60 10,369.10 -216.50 -2.09%
Net Foreign Reserves Held by Banks 6,560.20 6,635.90 -75.70 -1.14%
Total Liquid Foreign Reserves 16,712.80 17,005.00 -292.20 -1.72%

Amount in USD Million

According to the SBP, its reserves decreased due to external debt servicing and other official payments.

Pakistan's FX Reserves are down by USD3.229 Billion, or 16.19%, compared to the corresponding period from last year (Aug 11, 2017). The country's forex reserves reached an all time high of USD 24.46 Billion in October 2016.

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