State Bank of Pakistan's forex reserves fall by $327mn
Friday - December 2, 2022 10:42 am ,
Category : WORLD
Islamabad, Dec 2 (IANS) The State Bank of Pakistan (SBP) announced that its foreign exchange reserves have decreased by $327 million.During the week ending on November 25, the total foreign exchange reserves of the Pakistani central bank fell to around $7.49 billion, the SBP said in a statement on Thursday evening.The decrease was "due to external debt repayment", Xinhua news agency quoted the statement as saying.Net foreign reserves held by commercial banks came at $5.87 billion, the central bank said.Total liquid foreign reserves held by the South Asian country stood at about $13.37 billion, according to the SBP.
--IANS ksk/
--IANS ksk/
(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)
