State Bank’s Forex Reserves Dropped to $ 9.33 Billion

Foreign exchange reserves of the State Bank of Pakistan (SBP) declined by $389 million during the week ended on July 15, ARY News reported on Thursday.

Recently, SBP foreign exchange reserves has been decreased by $389 million during the mid week of July.

The central bank confirmed and shared the breakdown of foreign reserves of State Bank of Pakistan (SBP) that stood at $9,328.6 million.

As per SBP, the week ended on 15July2022, it’s foreign exchange reserve has been declined by US$389million to US$9,328.6 million mainly because of payment of external debt.

Concluded foreign currency reserves, including net reserve held by country and banks respectively other than SBP, stood at $15,241.5 million as per SBP confirmation.