January 27, 2023
1 min read

State Bank of Pakistan’s forex reserves nose dive

According to the reports, during the week ending on January 20, the total foreign exchange reserves of the Pakistani central bank fell to around $3.67 billion…reports Asian Lite News

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.

ALSO READ: Pakistan yet to decide on India’s invitation for SCO meet

Previous Story

UN calls for sustainable development to achieve durable peace

Next Story

US sanctions Chinese firm for helping Russia’s Wagner Group

Latest from -Top News

Pak-Afghan Tensions Escalate Over Strikes

The airstrikes by Pakistani fighter jets on parts of Barmal district in Paktika province was the second instance in 2024 of Islamabad directly hitting “civilian areas” on Afghan territory…reports Asian Lite News

India Condemns Pak’s Blame Tactics

The airstrikes by Pakistani fighter jets on parts of Barmal district in Paktika province was the second instance in 2024 of Islamabad directly hitting “civilian areas” on Afghan territory….reports Asian Lite News

Jaishankar, Sullivan Boost India-US Ties

Sullivan’s visit is aimed at reviewing the India-US Initiative on Critical and Emerging Technologies (iCET)…reports Asian Lite News External Affairs Minister (EAM) S. Jaishankar on Monday met US National Security Advisor (NSA)

India Hits $1 Trillion FDI Milestone

Between April 2014 and September 2024, India attracted USD 709 billion in FDI, accounting for 69% of the total inflows since 2000. India has reached a remarkable economic milestone, with Foreign Direct

Maha Kumbh 2025: Festivities Begin

Women participated in a special Ganga Aarti at the Triveni Sangam in Uttar Pradesh’s Prayagraj earlier. The ritual also served as a rehearsal for the upcoming Kumbh Mela. The festivities for Maha
Go toTop

Don't Miss

‘Pakistan at critical moment of recovery following floods’

Sharif said the devastating floods during this year’s monsoon have

The unresolved issues of Pakistan

Can the new Pakistani Prime minister Shehbaz Sharif turn the