SBP reserves fall by $266mn to $10.9 bn

state bank of pakistan

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $266 million to $10.9 billion during the week ended on June 6.

According to the central Bank’s statistics, the total liquid foreign reserves held by the country stood at $ 16.7billion as on June 6. The decrease was attributed to the government’s external debt repayments of $301 million.

Giving a break-up of the foreign reserves position, it said that commercial banks currently hold reserves of up to $6.6 billion. – TLTP