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10 months ago

Pakistani central bank's forex reserves fall by $70m

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The State Bank of Pakistan (SBP) said that its foreign exchange reserves had decreased by 70 million U.S. dollars.

During the week ending on Sept. 1, the total foreign exchange reserves of the bank fell to around 7.8 billion dollars, reports Xinhua citing a press release of the SBP.

The decrease occurred "on account of debt repayments," the release added.

Net foreign reserves held by commercial banks came at 5.3 billion dollars, the central bank said on Thursday evening.

Total liquid foreign reserves held by the South Asian country stood at about 13.1 billion dollars, according to the SBP.

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