Abb Takk News

SBP-held Foreign Exchange Reserves Decline

KARACHI: The country’s foreign exchange reserves held by the State Bank of Pakistan (SBP) continued to decline on a weekly basis.

On July 29, the foreign currency reserves held by the SBP were recorded at $8,385.4 million, down $190 million compared with $8,575.16 on July 22, data released by the State Bank of Pakistan (SBP) on Thursday showed.

According to the central bank, the decrease came due to external debt and other payments.