SBP reserves shrink by $242m, stand at $7.2bn

The total liquid foreign reserves held by the country stood at $13.7 billion on December 7, 2018.

According to a statement issued by the central bank, the country’s foreign reserves held by the State Bank of Pakistan stood at $7.2 billion, while net foreign reserves held by commercial banks stood at $6.4 billion.

During the week under review, SBP’s reserves decreased by $242 million to $7.2 billion owing to external debt servicing and other official payments.

1 COMMENT

Comments are closed.

Must Read

Indus Motors on the path to recovery

The company has seen an improvement in its half year results and announced further investment in Pakistan