Times of Islamabad

Pakistan foreign exchange reserves suffer significant decline

Pakistan foreign exchange reserves suffer significant decline

KARACHI: The total liquid foreign reserves of the country stand at dollars14.351 billion, said the State Bank of Pakistan (SBP).

SBP’s weekly statement issued here on Thursday said that on June 2, theforeign reserves held by the State Bank amounted to $ 7,282.1 million andthe net foreign reserves with the Commercial Banks were $ 7,069.2 million.

During the week ending June 21, SBP’s reserves decreased by $322 million to$7,282.1 million, due to external debt servicing and other officialpayments.