Pakistan foreign exchange reserves decline further

Pakistan foreign exchange reserves decline further
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KARACHI: Total liquid foreign reserves of the country stand at $14.88909 billion, said the State Bank of Pakistan (SBP).

SBP’s weekly statement issued here on Monday said that on May 31, the foreign reserves with the State Bank amounted to $ 7,862.4 million and the net foreign reserves held by Commercial Banks were $ 7,027.5 million.

During the week ending May 31, SBP’s reserves decreased by $148 million to $7,862.4 million, due to payments on account of external debt servicing.

Economy