The foreign exchange reserves held by the central bank declined 1.7% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On October 2, the foreign currency reserves held by the SBP were recorded at $12,154.7 million, down $205 million compared with $12,359.7 million in the previous week. After accounting for official inflows, including $300 million received from the Asian Development Bank (ADB), SBP reserves decreased by $205 million, it added. Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $19,351 million. Net reserves held by banks amounted to $7,196.3 million.

Source: The Express Tribune October 08, 2020 15:33 UTC