Pakistan's Forex Reserves Decrease by 3.96 Percent
MG News | April 02, 2020 at 07:05 PM GMT+05:00
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.
| Foreign reserves held by | Mar 27, 2020 | Mar 20, 2020 | Change | % Change |
|---|---|---|---|---|
| State Bank of Pakistan | 11,185.60 | 11,989.20 | -803.60 | -6.70% |
| Net Foreign Reserves Held by Banks | 6,201.90 | 6,115.90 | 86.00 | 1.41% |
| Total Liquid Foreign Reserves | 17,387.50 | 18,105.10 | -717.60 | -3.96% |
Amount in USD Million
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