State Bank of Pakistan's forex reserves fall by $923 mn

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State Bank of Pakistan's forex reserves fall by $923 mn

January 27, 2023
Updated: 08:02 pm

State Bank of Pakistan's forex reserves fall by $923 mn

Islamabad, Jan 27 : 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. /IANS

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