KARACHI: The total liquid foreign reserves of Pakistan reached at $ 13.56 billion in the week ended on August 05, 2022.
According to a statement of State Bank of Pakistan (SBP) here on Thursday, foreign reserves held by the SBP were accounted US$ 7,830.3 million while net foreign reserves held by commercial banks stood at US$ 5,730.8 million. The SBP spokesperson informed that SBP’s reserves decreased by US$ 555 million to US$ 7.83 billion, during the week ended on August 5, 2022 due to external debt payments. Debt repayments were expected to moderate during the next three weeks of this month as around three-fourth of debt servicing for the month of August was concentrated during the first week, he added. –Agencies
