Pakistan's Forex Reserves decrease by USD 292 Million

By MG News | August 16, 2018 at 07:21 PM GMT+05:00

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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 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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