Foreign exchange: SBP’s reserves down 2.19% week-on-week  

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 2.19% on a weekly basis on August 11, according to data released by the central bank on Thursday.

SBP’s liquid foreign exchange reserves decreased $396 million to $17,664 million compared to $18,061 million in the previous week. Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $22,595.1 million while net reserves held by banks amounted to $4,930.9 million.

Four weeks ago, SBP-held reserves increased 7.8% on a weekly basis after it received $1,340 million from multilateral, bilateral and other official sources that included.

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