Foreign exchange reserves fall by $41 million to $15.02 billion

KARACHI: The liquid foreign exchange reserves of the country fell by $41 million to $15.02 billion by week ended August 02, 2019 as compared with $15.061 billion a week ago, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves held by the SBP fell by $38 million to $7.729 billion by week ended under review as compared with $7.767 billion by week ended July 26, 2019.

The SBP said that its official reserves were declined due to external debt servicing and other official payments.

The foreign exchange reserves held by commercial banks were flat at $7.291 billion by week ended August 02, 2019 as compared with $7.294 billion a week ago.

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