Pakistan's Forex Reserves Decrease by USD 637.90 Million

MG News | March 26, 2020 at 07:32 PM GMT+05:00

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March 26, 2020 (MLN): Pakistan's Forex Reserves decreased by USD 637.90 Million or 3.4% and the total liquid foreign reserves held by the country stood at USD 18,105.10 Million on Mar 20, 2020.

According to data published by the State Bank of Pakistan (SBP) its reserves decreased by USD 690.40 Million. This decline is attributed primarily to government external debt payments, that amounted to US$391 million, and other official payments. However, reserves held by Commercial Banks increased by USD 52.50 million.

**Summary of Holding and Weekly Change**
Foreign reserves held by	Mar 20, 2020	Mar 13, 2020	Change	% Change
State Bank of Pakistan	11,989.20	12,679.60	-690.40	-5.44%
Net Foreign Reserves Held by Banks	6,115.90	6,063.40	52.50	0.87%
Total Liquid Foreign Reserves	18,105.10	18,743.00	-637.90	-3.40%

Amount in USD Million

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