State Bank of Pakistan's forex reserves fall by $923 mn
The State Bank of Pakistan (SBP) said its foreign exchange reserves had decreased by $923 million last week.
IANS
Jan 27, 2023 07:48
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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.
