 "State Bank of Pakistan says its forex reserves have fallen by $327 mn")
The State Bank of Pakistan (SBP) announced that its foreign exchange reserves have decreased by $327 million.
During the week ending on November 25, the total foreign exchange reserves of the Pakistani central bank fell to around $7.49 billion, the SBP said in a statement on Thursday evening.
The decrease was "due to external debt repayment", Xinhua news agency quoted the statement as saying.
Net foreign reserves held by commercial banks came at $5.87 billion, the central bank said.
Total liquid foreign reserves held by the South Asian country stood at about $13.37 billion, according to the SBP.
--IANS
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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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