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State Bank of Pakistan’s Reserves Fall Below $9 Billion
The foreign exchange reserves held by the central bank decreased 2.6 percent on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
On June 10, the foreign currency reserves held by the SBP were recorded at $8.985 billion, down $241 million compared to $9.226 on June 3. The central bank reserves are currently at their lowest level since November 22, 2019.
Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14.943 billion. Net reserves held by banks amounted to $5.957 billion.
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