Pakistani central bank's forex reserves fall by 923 mln USD-Xinhua

Pakistani central bank's forex reserves fall by 923 mln USD

Source: Xinhua| 2023-01-27 13:18:30|Editor: huaxia

ISLAMABAD, Jan. 27 (Xinhua) -- The State Bank of Pakistan (SBP) said its foreign exchange reserves had decreased by 923 million U.S. dollars last week.

During the week ending on Jan. 20, the total foreign exchange reserves of the Pakistani central bank fell to around 3.67 billion U.S. dollars, the central bank said in a statement on Thursday night.

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

Net foreign reserves held by commercial banks came at 5.77 billion U.S. dollars, it said.

Total liquid foreign reserves held by the South Asian country stood at about 9.45 billion U.S. dollars, according to the SBP.

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