On Thursday, the State Bank of Pakistan (SBP) reported a decline of 66 million U.S. dollars in its foreign exchange reserves.
In the week ending January 5, the bank’s overall foreign exchange reserves dropped to approximately 8.2 billion dollars, as stated by the SBP.
The decrease was attributed to debt repayments, according to the provided statement.
Additionally, the statement mentioned that commercial banks held net foreign reserves amounting to 5.1 billion dollars.
The South Asian country’s total liquid foreign reserves, as per the SBP, amounted to around 13.3 billion dollars.
—————————————————————————————————————————
Dawn News English is your window into the latest news, insight, and features from South Asia and beyond.
Official Facebook: https://www.facebook.com/dawndotcom/
Official Twitter: https://twitter.com/dawn_com
Website: www.dawn.com
Official Instagram: https://www.instagram.com/dawnnewsenglish
#pakistan #forex #dollar #million #economy #money #sbp #statebankofpakistan #foreignexchange #southasian #news #latestnews #dawnnewsenglish #dawnnews
Comments
Comments are disabled for this post.