A representational image of a currency dealer counting dollar notes. — Reuters/File

Forex exchange reserves once again fall below $10b

by Pakistan News
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A representational image of a currency dealer counting dollar notes. — Reuters/File

KARACHI: The State Bank of Pakistan’s (SBP) reserves held by the central bank decreased 4.77% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On June 30, the foreign currency reserves held by the SBP were recorded at $9,816.3 million, down $493 million compared with $10,309 on June 24.

According to the central bank, the decrease came due to external debt and other payments.

Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $15,742.4 million.

Net reserves held by banks amounted to $5,926.1 million.

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