State Bank of Pakistan (SBP) foreign exchange reserves decreased by $112.6 million, reaching an alarming level of $7.69 billion as of August 25, 2022, as the government continued to struggle to secure dollar inflows and provide the economy breathing room.
The SBP reported on Thursday that the country’s total liquid foreign reserves were at $13.40 billion. Commercial banks held $5.70 billion in net foreign reserves.
The SBP released a statement that read, “During the week ending on August 25, 2022, SBP’s reserves declined by $112.6 million to $7,697.1 million.”
