Foreign reserves

Current account deficit expected to widen, will add pressure on foreign exchange reserves, says brokerage house

In January, SBP made a $500-million loan repayment to State Administration of Foreign Exchange, China

In January, the SBP made a loan repayment of $500 million to the State Administration of Foreign Exchange, China

Analysts speculate the fall is due to military spending or capital flight

Net reserves held by banks amounted to $4,940.2 million

Net reserves held by banks amounted to $4,861.5 million

Earlier, the SBP received $350 million under the CSF and made payments of $62 million for external debt servicing

The decrease is mainly attributed to external debt servicing

The reserves fell on account of external debt servicing

Decision comes after foreign commercial banks assisted Pakistan in building reserves

Amount was obtained over the past seven months

They stand below $3tr, analysts fear yuan devaluation

It is hoped $200b will become part of economy and foreign reserves

World Bank representative Anthony Cholst said the Bank will continue economic cooperation with Pakistan

Pakistan was faced with a balance of payments crisis in 2013, before the country turned towards the IMF

Total liquid foreign reserves held by the country stood at $18,655 million

Foreign exchange reserves held by the SBP had gone up 6.2% in the last week of June