Overall, liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $17,079.7 million. Net reserves held by banks amounted to $6,730 million. Foreign exchange: SBP’s reserves drop by another $53m, stand at $9.01bIn April, the SBP’s reserves had increased $593 million due to official inflows. Pakistan also raised $2.5 billion in November 2017 by floating dollar-denominated bonds in the international market in a bid to shore up official reserves. In January, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.

Source: The Express Tribune August 02, 2018 12:57 UTC