SBP reserves fall $26m to 8.23bn

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.

Must Read

Honda Atlas Cars’ Profit-after-tax down by 62%

Honda Atlas Cars (Pakistan) Limited (HCAR) reported a nearly 62% drop in profit-after-tax (PAT) for the quarter ending September 30, 2024, compared to the...