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March 27, 2020

Forex reserves fall to $18.105bln

Business

March 27, 2020

KARACHI: Total liquid foreign exchange reserves held by the country fell to $18.105 billion from $18.743 billion in the previous week, the central bank reported on Thursday.

The State Bank of Pakistan’s (SBP) foreign exchange reserves dropped $690 million to $11.989 billion during the week ended March 20, it added.

“This decline is attributed primarily to government external debt payments, which amounted to $391 million and other official payments.” The foreign exchange reserves held by commercial banks stood at $6.115 billion, compared with $6.063 billion in the preceding week.