KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves decreased again by 3.21%, continuing the recent pattern that has been prevailing.
According to data issued by the SBP on Thursday, as of September 16, the foreign exchange reserves held by the SBP were $8,346.4 million, a decrease of $278 million from $8,624 on September 9.
In all, the nation maintained $14,069.9 million in liquid foreign currency reserves, including net reserves held by banks other than the SBP.
The total amount of net reserves held by banks was $5,723.5 million. Repayment of external debt was one of the main causes of the fall, according to the central bank.Pakistan currently has 1.19 months’ worth of import coverage with its present level of foreign exchange reserves.
