Pakistan’s Forex Reserves Decrease by 3.96 Percent

Apr 02, 2020 (MLN): Pakistan's Forex Reserves decreased by USD 717.60 Million or 3.96% and the total liquid foreign reserves held by the country stood at USD 17,387.50 Million on Mar 27, 2020.

According to data published by the State Bank of Pakistan (SBP) its reserves decreased by USD 803.60 Million. This decline is attributed primarily to government external debt payments, that amounted to US$441 million, and other official payments.

However, reserves held by commercial banks increased by USD 86 million.

Summary of Holding and Weekly Change

Foreign reserves held byMar 27, 2020Mar 20, 2020Change% Change
State Bank of Pakistan11,185.6011,989.20-803.60-6.70%
Net Foreign Reserves Held by Banks6,201.906,115.9086.001.41%
Total Liquid Foreign Reserves17,387.5018,105.10-717.60-3.96%

Amount in USD Million

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Posted on: 2020-04-02T19:05:00+05:00