SBP reserves fall $26m to 8.23bn

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ISLAMABAD: The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $26 million to $8.238 billion, the data released by the central bank said on Thursday.

As per the SBP, the net foreign reserves held by commercial banks stood at $7.366 billion as on August 17, meaning that the overall net liquid foreign reserves held by the country stood at $15.6 billion.

During the week ending August 17, the central bank’s reserves decreased due to external debt servicing and other official payments, SBP said.

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