Karachi August 18 2022: SBP foreign exchange reserves for the week ending August 12, 2022, were up by USD 67 million to USD 7,897 million as per data released by the Central Bank.
This is due to fact that around three-fourth of debt servicing for the month of August was concentrated during the first week, says Pakistan’s Central Bank in a statement one week earlier.
At present, SBP reserves stand at the level of USD 7,897 million as of 12th August 2022 compared to USD 7,830 million at the end of the week ending 5th August 2022.
During the same period, foreign exchange reserves held by commercial banks decreased by USD 15 million to the level of USD 5,716 million as of 12th August 2022.
Overall reserves held by the country witnessed an increase of USD 52 million to USD 13,613 million during the week ended 12th August 2022.
