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KARACHI: The country’s total liquid foreign exchange reserves slipped to $22,996.6 million during the week ending on July 22 from $23,091.4m the preceding week, said a spokesperson of the State Bank of Pakistan (SBP) on Thursday.
The SBP held $18,036.9m while commercial banks $4,959.7m.
During the week, the central bank reported a net fall of $40m in reserves, down to $18,037m from $18,077m in the previous week. It also made payments of $83m on account of external debt servicing.
Published in Dawn, July 29th, 2016
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Comments (5) Closed
Jul 29, 2016 07:40am
Fire the finance minister, foreign secretary, commerce secretary. Cut down the expenses and start living within your means. Is anybody listening?
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Jul 29, 2016 05:28pm
Who cares?? Tell us how much Pakistan is in debt, then tell us how much each PPP & PLM-N have borrowed in their tenures.
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Jul 29, 2016 06:22pm
Bangladesh's reserves all time high around $32bn.
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Jul 29, 2016 06:39pm
@M. Emad Even then Pakistan economy is much bigger than Bangladesh with almost the same population. It's touching 980 billion USD PPP, Bangladesh is somewhere around 620 billion USD PPP. Check Wikipedia or IMF figures.
Also Pakistan was till now going through a bad phase, resurgence is there now.
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Jul 30, 2016 12:38pm
@N.S But Bangladesh is 45 yrs old whereas Pakistan 70 yrs old.Also you have to compare in that terms.
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