ISLAMABAD, Jul 29 (NNN-APP) – The State Bank of Pakistan (SBP), said that, its foreign exchange reserves have decreased by 754 million U.S. dollars.
During the week ending on Jul 22, the total foreign exchange reserves of the SBP fell to around 8.58 billion dollars, the SBP said in a statement, last night.
The net foreign reserves held by the commercial banks came at 5.84 billion dollars, the central bank said.
The depletion in the reserves over the past few months has significantly impacted the local currency, resulting in its constant depreciation.
