Forex reserves drop by $132mln: SBP

Pakistan reserves

Karachi: The forex reserves held by Pakistan fell by another $132 million as of July 7, the State Bank of Pakistan (SBP) said in a report.

According to the data issued by the central bank, the total reserves held by the country fell from $15.74 billion on June 30 to $15.61 billion on July 7.

The data also shows that reserves held by the central bank witnessed a drop of $99 million from $9.8 billion to $9.7 billion during the same period.

Read: Depleting SBP reserves a ticking bomb | By Farrukh Saleem

Compared to this, the reserves held by commercial banks witnessed a $33 million drop from $5.926billion to $5.893 billion.

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