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

Go toTop

Don't Miss

UN report sounds alarm on Pakistan’s increasing food insecurity

The situation has been exacerbated by the effects of last

ISI’s special powers cast shadow over Pak democracy

It is widely perceived in Pakistan that politicians need the