Pakistan’s Forex Reserves Decrease by USD 637.90 Million

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 byMar 20, 2020Mar 13, 2020Change% Change
State Bank of Pakistan11,989.2012,679.60-690.40-5.44%
Net Foreign Reserves Held by Banks6,115.906,063.4052.500.87%
Total Liquid Foreign Reserves18,105.1018,743.00-637.90-3.40%

Amount in USD Million

Copyright Mettis Link News

Posted on: 2020-03-26T19:32:00+05:00

33750