Pakistan’s Foreign Reserves Remain at 7-Month Low

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose marginally on a weekly basis, according to data issued by the central bank on Thursday. According to the latest data released by the SBP as of April 25, the foreign currency reserves held by the SBP were recorded at $10.214 billion, up $9 million compared to $10.206 billion on April 18. Total liquid forex reserves held by the country, including net reserves held by banks other than the SBP, stood at $15.25 billion, down $184 million over the previous week. The net reserves held by banks were recorded at $5.03 billion, registering a decrease of $193 million during the week.