Pakistani Central Bank’s Forex Reserves Fell By 327 Million USD

Pakistani Central Bank’s Forex Reserves Fell By 327 Million USD

ISLAMABAD, Dec 2 (NNN-APP) – The State Bank of Pakistan (SBP), announced that, its foreign exchange reserves had decreased by 327 million U.S. dollars.

During the week ending on Nov 25, the total foreign exchange reserves of the Pakistani central bank fell to around 7.49 billion U.S. dollars, the SBP said in a statement, last night.

The decrease was “due to external debt repayment,” the statement said.

Net foreign reserves held by commercial banks came at 5.87 billion U.S. dollars, the central bank said.

Total liquid foreign reserves held by the country stood at about 13.37 billion U.S. dollars, according to the SBP.– NNN-APP  

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