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SBP reserves dip $788m

Updated May 24, 2019

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Total liquid reserves of the country stood at $15.126bn during the period under review. — APP/File
Total liquid reserves of the country stood at $15.126bn during the period under review. — APP/File

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