The foreign exchange reserves held by the State Bank of Pakistan (SBP) onceagain declined by 1.1%.

On August 19, the foreign currency reserves held by the SBP were recordedat $7,809.9 million, down $87 million compared with $7,897.3 on August 12,data released by SBP showed on Thursday.

Overall liquid foreign currency reserves held by the country, including netreserves held by banks other than the SBP, stood at $13,521.6 million.

Net reserves held by banks amounted to $5,711.7 million. The central bankdid not cite any reason for the decline.

With the current foreign exchange reserves position, Pakistan has an importcover of fewer than 1.12 months.