State Bank's Forex Reserves Decrease by USD 1,711.80 Million

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MG News | June 04, 2020 at 05:55 PM GMT+05:00

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Jun 04, 2020 (MLN): Pakistan's Forex Reserves decreased by USD 1,677.80 Million or 9.02% and the total liquid foreign reserves held by the country stood at USD 16,920.10 Million on May 29, 2020.

According to data published by the State Bank of Pakistan (SBP) its reserves decreased by USD 1,711.80 Million. This decline is primarily attributed to Government external debt repayments of US$ 1,669.1 million.

Summary of Holding and Weekly Change
Foreign reserves held by May 29, 2020 May 21, 2020 Change % Change
State Bank of Pakistan 10,362.10 12,073.90 -1711.80 -14.18%
Net Foreign Reserves Held by Banks 6,558.00 6,524.00 34.00 0.52%
Total Liquid Foreign Reserves 16,920.10 18,597.90 -1677.80 -9.02%

Amount in USD Million

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