Foreign reserves held by SBP fall by $342mn

The total liquid foreign reserves held by the country stood at $16,369.7 million on 31 August 2018, according to the State Bank of Pakistan (SBP).

Foreign reserved held by the State Bank fell by $342 million to $9,885.1 million. External debt servicing and other official payments have been cited as the reason for the decline in reserves.

Net foreign reserves held by commercial banks as on 31, August 2018 were $6,484.6 million, bringing the total liquid foreign reserves held by the country to $16,369.7 million.