Pakistani Central Bank’s Forex Reserves Fell 102 Million USD

The State Bank of Pakistan (SBP), said yesterday that, its foreign exchange reserves had decreased by 102 million U.S. dollars.

During the week ending on May 26, the total foreign exchange reserves of the Pakistani central bank fell to around 4.1 billion dollars, the SBP said in a statement.

The decrease was “due to external debt repayments,” the statement added.

Net foreign reserves, held by commercial banks, came at 5.4 billion dollars, the central bank said.

Total liquid foreign reserves, held by the country stood at about 9.5 billion dollars, according to the SBP

Source: Nam News Network