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KARACHI: In less than a month, foreign exchange reserves of the State Bank of Pakistan (SBP) fell by $1.4 billion to $17bn, announced the central bank on Thursday.
The State Bank exceeded the target of $18bn for FY26, reaching $18.4bn. The target was a part of the agreement with the IMF.
During the week ended on July 24, the SBP reserves declined by $229 million.
The country’s overall foreign exchange holdings stood at $22.442bn, including $5.412bn held by commercial banks, during the week.
