Karachi: The State Bank of Pakistan (SBP) reported a decline of $36.4 million in the country’s foreign exchange reserves over the past week. As of August 30th, the total reserves decreased from $14.7763 billion to $14.7399 billion.
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According to the SBP, despite this overall decline, the central bank’s reserves saw an increase of $33.4 million, rising from $9.4034 billion to $9.4368 billion. However, commercial banks experienced a significant drop, with their reserves decreasing by $69.8 million, bringing their total down from $5.3729 billion to $5.3031 billion.
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