$113 million
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves decreased by 1.1% once more, continuing the general pattern that has been in place for the past few weeks.
The SBP’s foreign exchange holdings were valued at $7,697.1 million on August 26, down $113 million from $7,809.9 on August 19 according to statistics the SBP provided on Thursday.With net reserves held by banks other than the SBP included, the nation’s total liquid foreign currency reserves were valued at $13,403.5 million.
The total amount of net reserves held by banks was $5,706.4 million. The central bank gave no explanation for the decrease.Pakistan now has less than 1.12 months of import coverage in its foreign exchange reserves.
