Pak foreign reserves decrease to $14.5b

Pak foreign reserves decrease to $14.5b
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Summary Foreign reserves held by the SBP stood at $9.486 billion from $9.602 billion the previous week.

KARACHI (Web Desk) - Pakistan’s foreign exchange reserves fell to $14.513 billion for the week ending July 11, from $14.637 billion the previous week.

According to State Bank of Pakistan (SBP), foreign reserves held by the SBP stood at $9.486 billion from $9.602 billion the previous week, a decrease of $116 million.

During the week, the central bank received $22 million from multilateral and bilateral sources.

However, on account of external debt servicing and other payments, SBP made payments of $31 million.

The holdings of the scheduled banks were $5.028 billion.
 

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