KARACHI: The country’s total liquid foreign exchange reserves declined by $ 206 million during last week due to external debt servicing.

According to weekly forex report issued by State Bank of Pakistan (SBP) Thursday, total liquid foreign exchange reserves held by the country stood at$ 14.209 billion as on Jul 29, 2022 compared to $14.145 billion on July 22, 2022.

Critical level: SBP-held foreign exchange reserves down $754mn, now stand at $8.58bn

During the week under review, the SBP’s reserves decreased by $ 190 million to $ 8.385 billion due to external debt and other payments. Net foreign exchange reserves held by commercial banks stood at $ 5.823 billion, down by $16 million in a week.

Copyright Business Recorder, 2022