Our Correspondent
Karachi
The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $305 million compared with $13,415.5 million in the previous week. According to the data released by the central bank, net reserves held by the SBP stood at $13,110 million.
The overall liquid foreign exchange reserves held by the country stood at $20.24 billion, including $7,130.9 million forex holdings of the commercial banks. Earlier on November 12, the foreign exchange reserves held by the State Bank of Pakistan (SBP) had increased by $558 million to $12.74 billion during the week ended on 6th of November.
According to the data released by the central bank, net reserves held by the SBP had stood at $12.74 billion. “The increase in reserves is mainly attributed to the receipt of $500 million as GOP loan proceeds,” SBP had said.
The overall liquid foreign exchange reserves held by the country had stood at $19.9 billion.
