Pakistan's forex reserves fall by 74 mln USD-Xinhua

Pakistan's forex reserves fall by 74 mln USD

Source: Xinhua

Editor: huaxia

2024-04-25 22:24:45

ISLAMABAD, April 25 (Xinhua) -- The State Bank of Pakistan (SBP) said on Thursday that its foreign exchange reserves had decreased by 74 million U.S. dollars.

During the week ending on April 19, the total foreign exchange reserves of the bank fell to around 8 billion dollars, the SBP said in a statement.

The decrease occurred "due to external debt repayments," the statement said.

Net foreign reserves held by commercial banks came at 5.3 billion dollars, it added.

Total liquid foreign reserves held by the South Asian country stood at about 13.3 billion dollars, according to the SBP.