KARACHI: Reserves held by the State Bank of Pakistan (SBP) dropped by massive $788 million during the week ended on May 17 on account of debt servicing and other official payments.
The SBP reserves fell to $8.057 billion whereas holdings with the commercial banks reached $7.068bn.
Total liquid reserves of the country stood at $15.126bn during the period under review.
Published in Dawn, May 24th, 2019