Pakistan’s forex reseves decrease by $74.70mn

According to data released by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood at $17,005 million on August 3, 2018.

The summary released by the central bank shows foreign reserves held by SBP increased by 0.19 per cent from the previous month. On the other hand, net foreign reserves held by commercial banks decreased by 1.40 per cent, while total liquid foreign reserves decreased by 0.44 per cent, decreasing from $17,079.70 million to $17,005 million.

Summary of Holding and Weekly Change
Foreign reserves held by Aug 03, 2018 Jul 27, 2018 Change % Change
State Bank of Pakistan 10,369.10 10,349.70 19.40 0.19%
Net Foreign Reserves Held by Banks 6,635.90 6,730.00 -94.10 -1.40%
Total Liquid Foreign Reserves 17,005.00 17,079.70 -74.70 -0.44%

Must Read

Calcorp proposes 100% acquisition of its renewable energy associate company

Acquisition valued at Rs100,000; Helios to produce photovoltaic modules, battery systems, and inverters; holds 2-acre SEZ land, paid Rs35 million first installment, with Rs1.7 million capital work in progress