Forex reserves down $252m

KARACHI: The country's total liquid foreign exchange reserves declined by $252 million during last week.

According to the State Bank of Pakistan (SBP) weekly report Thursday, total liquid forex reserves held by the country stood at $ 24.876 billion as on Jul 23, 2021 compared to $25.128 billion as on July 16, 2021. During the week under review, the SBP reserves decreased by $ 221 million to reach below $18 billion mark. Reserves held by SBP declined to $ 17.83 billion end of the last week down from $18.05 billion a week earlier. Net foreign reserves held by commercial banks stood at $ 7.046 billion, down $32 million.

Copyright Business Recorder, 2021