SBP Reserves Dip Below $14.5 Billion Mark

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Sameer

The State Bank of Pakistan’s (SBP) foreign exchange reserves declined by $69 million over the past week, according to data released by the central bank on Thursday.

As of July 18, SBP-held reserves stood at $14.457 billion, compared to $14.526 billion on July 11.

Total liquid foreign currency reserves, which include those held by commercial banks, dropped to $19.918 billion—down $40 million from the previous week.

Meanwhile, net reserves held by banks other than the SBP rose by $28 million, reaching $5.461 billion.

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