KARACHI: Foreign exchange reserves of the State Bank of Pakistan fell by $176 million to $8.624 billion during the week ended on Sept 9.

The SBP reported that the country’s total reserves were at $14.317bn while the holdings of the commercial banks were $5.693bn during the week.

The reserves of the SBP have been on the decline despite inflows of IMF’s tranche of $1.16bn.

Published in Dawn, September 16th, 2022