Business Standard

Friday, January 24, 2025 | 04:47 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

State Bank of Pakistan says its forex reserves have fallen by $327 mn

The State Bank of Pakistan announced that its foreign exchange reserves have decreased by $327 million

forex

IANS Islamabad

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

ksk/

 

 

(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.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 02 2022 | 11:43 AM IST

Explore News