Pakistan's forex reserves fall by 63 mln USD-Xinhua

Pakistan's forex reserves fall by 63 mln USD

Source: Xinhua| 2024-03-01 18:43:45|Editor: huaxia

ISLAMABAD, March 1 (Xinhua) -- The State Bank of Pakistan (SBP) has said its foreign exchange reserves had decreased by 63 million U.S. dollars.

During the week ending on Feb. 23, the total foreign exchange reserves of the bank fell to around 7.9 billion dollars, the SBP said Thursday in a statement.

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

Net foreign reserves held by commercial banks came at 5.1 billion dollars, it added.

Total liquid foreign reserves held by the South Asian country stood at about 13 billion dollars, according to the SBP.