ISLAMABAD (Reuters) – Pakistan’s central bank said on Thursday its official liquid foreign exchange reserves fell by $754 million to $8.57 billion, marking another sharp drop in the country’s rapidly depleting reserves.
“During the week ended July 22, 2022, SBP reserves decreased by $754 million to $8,575.1 million due to external debt and other payments,” the central bank said in a statement. its weekly reserves statement.
Net foreign exchange reserves held by commercial banks amounted to $5.8 billion, bringing total liquid reserves to $14.4 billion.
(Reporting by Gibran Peshimam; Editing by Gareth Jones)
(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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