Reserves fall

July 12, 2019


KARACHI: Reserves held by the State Bank of Pakistan (SBP) decreased by $189 million to $7.083 billion during the week ending on July 5.

The SBP in an official press release issued on Thursday also notified that it has received the first tranche from the International Monetary Fund of $991.4m on July 9, after which SBP’s reserves increased to US$8.035bn.

The SBP attributed the $189m-decline to external debt servicing.

Holdings of the commercial banks stood at $7.175bn while total liquid reserves of the country amounted to $14.259bn during the period under review.

Published in Dawn, July 12th, 2019