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Pakistani central bank's forex reserves fall by 592 mln USD

ISLAMABAD
2023-02-03 08:45

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ISLAMABAD, Feb. 3 (Xinhua) -- The State Bank of Pakistan (SBP) said its foreign exchange reserves had decreased by 592 million U.S. dollars.

During the week ending on Jan. 27, the total foreign exchange reserves of the Pakistani central bank fell to around 3.08 billion U.S. dollars, the SBP said in a statement on Thursday night.

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

Net foreign reserves held by commercial banks came at 5.65 billion U.S. dollars, the central bank said.

Total liquid foreign reserves held by the South Asian country stood at about 8.74 billion U.S. dollars, according to the SBP.
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