FX Reserves with SBP fall by $295 million

MG News | September 24, 2018 at 07:00 PM GMT+05:00

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September 24, 2018 (MLN): Pakistan’s Foreign Exchange Reserves with the State Bank of Pakistan fell by $295 million, coming down to $9,328.8 million as of September 14, 2018, according to data released by the State Bank of Pakistan on Monday.

Total liquid foreign reserves with the country stood at $15,790.1 million, a $279.8 million drop from the $16,069.9 million held a week before.

Net foreign reserves held by commercial banks increased marginally, i.e. by $15.7 million, coming up to $6,461.3 million.

According to the State Bank, reserves fell on account of ‘external debt servicing and other official payments'.

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