Forex reserves decline by $38 million

The country's liquid foreign reserves declined by $38 million during the last week. According to State Bank of Pakistan's (SBP) weekly report issued on Thursday, the country's totalled liquid foreign exchange reserves stood at $16.685 billion as on Aug 24, 2018 compared to $16.723 billion as on Aug 17, 2018. During the week under review, SBP's reserves decreased by $8 million to $10.227 billion down from $10.235 billion. Reserves held by the banks also declined by $30 million to $6.458 billion end of the last week.