Pakistan’s Forex Reserves decrease by USD 292 Million

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 byAug 10, 2018Aug 03, 2018Change% Change
State Bank of Pakistan10,152.6010,369.10-216.50-2.09%
Net Foreign Reserves Held by Banks6,560.206,635.90-75.70-1.14%
Total Liquid Foreign Reserves16,712.8017,005.00-292.20-1.72%

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.

Posted on: 2018-08-16T19:21:00+05:00