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

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 byMay 29, 2020May 21, 2020Change% Change
State Bank of Pakistan10,362.1012,073.90-1711.80-14.18%
Net Foreign Reserves Held by Banks6,558.006,524.0034.000.52%
Total Liquid Foreign Reserves16,920.1018,597.90-1677.80-9.02%

Amount in USD Million

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Posted on: 2020-06-04T17:55:00+05:00

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