RECORDER REPORT

KARACHI: The liquid foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $342 million to $9.885 billion during the week ended August 31, 2018.

The central bank Thursday said that the country’s forex reserves declined due to external debt servicing and other official payments.

According to the SBP data the total liquid forex reserves held by the country stood at $16.369 billion. The net forex reserves held by commercial banks stood at $6.484 billion on August 31, 2018.