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August 14, 2020

Forex reserves down to $19.51bln

Business

August 14, 2020

KARACHI: Pakistan’s foreign exchange reserves declined to $19.518 billion in the week ended August 7 from $19.562 billion in the previous week, the central bank said on Thursday.

The SBP’s reserves decreased $73 million to $12.469 billion due to the government’s external debt repayments, the State Bank of Pakistan said. The forex reserves of commercial banks stood at $7.049 billion, compared with $7.020 billion in the previous week.