According to State Bank of Pakistan (SBP) the country's total liquid foreign exchange reserves have fell by $463.5 million during the week. With current decline, total foreign reserves have declined to $10.543 billion as on July 5, 2013 compared to $11.007 billion as on June 28, 2013.
Although, reserves of banks and SBP have witnessed declining trend during the period under review. However major decline has registered in the State Bank's reserves as debt payments have been made from SBP's reserves. With a decline of $463.1 million, reserves held by SBP have down to $5.546 billion mark in first week of July from $4.009 billion. While, reserves held by banks have down by $0.5 million to $4.997 billion end of last week.