KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) declined by $216 million to $10.152 billion during the week ended on August 10.
Some relief was felt until the last week when reserves were briefly on the rise after receiving loans from China.
However, the commercial banks’ holdings have started falling for the last couple of weeks.
The SBP reports showed that holdings of these banks decreased by $75m to $6.56bn during the period.
Published in Dawn, August 17th, 2018