KARACHI -UNS: The foreign exchange reserves held by State Bank of Pakistan (SBP) dropped to $7,930.5 million after declined by $125 million during the week ended on August 18, 2023.
Data shared by the central bank on Thursday said the net foreign exchange reserves held by commercial banks stood at $ 5,317.9 million
The SBP witnessed decline in forex reserves due to international debt repayments, which are must to clear timely in order to avoid default.
