Pakistan’s Overall Foreign Reserves Fall by $311 Million in One Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $153 million on a weekly basis according to data issued by the central bank on Thursday. According to the latest data released by the SBP, on July 25, the foreign currency reserves held by the SBP were recorded at $14.304 billion, down $153 million compared to $14.457 billion on July 18. Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $19.607 billion, down $311 million over the previous week. The net reserves held by banks were recorded at $5.303 billion, registering a decrease of $159 million during the week.