State Bank Of Pakistan's Forex Reserves Fall By $923 Mn | MENAFN.COM

Monday, 20 March 2023 01:03 GMT

State Bank Of Pakistan's Forex Reserves Fall By $923 Mn


Islamabad, Jan 27 (IANS) The State Bank of Pakistan (SBP) said its foreign exchange reserves had decreased by $923 million last week.

During the week ending on January 20, the total foreign exchange reserves of the Pakistani central bank fell to around $3.67 billion, the central bank said in a statement on Thursday night.

The decrease was 'due to external debt repayments', Xinhua news agency quoted the statement as saying.

Net foreign reserves held by commercial banks came at $5.77 billion, it said.

Total liquid foreign reserves held by the South Asian country stood at about $9.45 billion, according to the SBP.




Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.