Pakistan Foreign exchange reserves decline further

Pakistan Foreign exchange reserves decline further

*KARACHI - *Pakistan’s foreign exchange reserves dipped US$189 million to US$14,259.3 during the week ending on July 5.

According to the State Bank of Pakistan, the country’s total liquid foreign reserves stood at US$14,259.3 million on July 5.

*Meanwhile the State Bank of Pakistan (SBP) will announce its new monetary policy on July 16 (Tuesday), ARY News reported on Friday.*

The Monetary Policy Committee of SBP is scheduled to meet on Tuesday at SBP Head Office Karachi to decide about Monetary Policy, said a press statement issued by SBP .

SBP governor, Dr Reza Baqir will unveil the decision of the MPC at a press conference at 4:00 p.m on the same day, the statement further added.

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