Pakistan's Forex Reserves decrease by $169.3 mln

MG News | April 11, 2019 at 05:26 PM GMT+05:00

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April 11, 2019 (MLN): Pakistan’s forex reserves decreased by USD 169.3 million as the total liquid foreign reserves held by the country stood at USD 17,228.3 million on April 5, 2019.

According to data published by the State Bank of Pakistan, its reserves decreased by USD 220.10 million while those held by commercial bank’s increased by USD 50.8 million.

Summary of Holding and Weekly Change (Amount in Million USD)
Foreign Reserves held by	April 5, 2019	March 29, 2019	Change	% Change
State Bank of Pakistan	10,271.90	10,492.00	-220.10	-2.10%
Net Foreign Reserves Held by Banks	6,956.40	6,905.60	50.80	0.74%
Total Liquid Foreign Reserves	17,228.30	17,397.60	-169.30	-0.97%

According to the central bank, its reserves decreased due to external debt servicing and other official payments

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