KARACHI: The total liquid foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $113 million to $7.697 billion during the week ended on August 26, 2022.

According to the SBP data released on Thursday, the total liquid foreign exchange reserves held by the country stood at $13.403 billion as of August 26, 2022.

Alarming level: SBP-held foreign exchange reserves fall $87mn, now stand at $7.8bn

The net forex reserves held by commercial banks stood at $5.706 billion on August 26, 2022.

According to the central bank, the SBP has received proceeds of $1.16 billion (equivalent to SDR 894 million) from the IMF under the Extended Fund Facility (EFF) on August 31, 2022 which would be included in the SBP’s FX reserve for the week ending September 2, 2022.

Copyright Business Recorder, 2022