Pakistan's Forex Reserves Decrease by USD 161.60 Million

MG News | March 19, 2020 at 05:25 PM GMT+05:00

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Mar 19, 2020 (MLN): Pakistan's Forex Reserves decreased by USD 161.60 Million or 0.85% and the total liquid foreign reserves held by the country stood at USD 18,743.00 Million on Mar 13, 2020.

According to data published by the State Bank of Pakistan (SBP) its reserves decreased by USD 110.30 Million. The SBP attributed this decline to repayments related to external Government debt, Hajj and other official payments during the week.

Similarly, reserves held by commercial banks also declined by USD 51.30 million during the week.

**Summary of Holding and Weekly Change**
Foreign reserves held by	Mar 13, 2020	Mar 06, 2020	Change	% Change
State Bank of Pakistan	12,679.60	12,789.90	-110.30	-0.86%
Net Foreign Reserves Held by Banks	6,063.40	6,114.70	-51.30	-0.84%
Total Liquid Foreign Reserves	18,743.00	18,904.60	-161.60	-0.85%

Amount in USD Million

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