Foreign reserves stand at US$14,513.6mn

KARACHI: The total liquid foreign reserves of the country stood at US$14,513.6 million on July 11, said the State Bank of Pakistan (SBP) on Thursday.

According to a SBP press release, the foreign reserves held by the SBP are US$ 9,485.8 million, while the net foreign reserves held by banks are US$ 5,027.8 million.

During the week ending July 11, SBP's Liquid Foreign Reserves decreased by US$116 million to US$9,486 million compared to US$9,602 million in the previous week.

During the same week, the SBP made payments of US$31 million on account of external debt servicing and other official payments. While during the same period the SBP received US$22 million from multinational and bilateral sources.