Pakistan’s total FX reserves decreased by 9% W/W (USD 1,678mn) to USD 16.92bn on May 29th , 2020. SBP reserves decreased by 14.2% W/W(USD 1,712mn) to USD 10.36bn while commercial bank reserves increased by 0.52% W/W(USD 34mn) to USD 6.56bn. SBP reserve now provide an import cover of approx. 3.63 months.
