State Bank's Forex Reserves Decrease by USD 85.40 Million

MG News | April 23, 2020 at 04:55 PM GMT+05:00

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April 23, 2020 (MLN): Pakistan's Forex Reserves increased by USD 4.80 Million or 0.03% and the total liquid foreign reserves held by the country stood at USD 17,300.30 Million on Apr 17, 2020.

According to data published by the State Bank of Pakistan (SBP) its reserves decreased by USD 85.40 Million. This decline is attributed to government external debt payments of US$145 million.

**Summary of Holding and Weekly Change**
Foreign reserves held by	Apr 17, 2020	Apr 10, 2020	Change	% Change
State Bank of Pakistan	10,889.20	10,974.60	-85.40	-0.78%
Net Foreign Reserves Held by Banks	6,411.10	6,320.90	90.20	1.43%
Total Liquid Foreign Reserves	17,300.30	17,295.50	4.80	0.03%

Amount in USD Million

On April 20, 2020, SBP received US$1.39 billion from International Monetary Fund (IMF) under the Rapid Financing Instrument (RFI) to address the economic impact of the Covid-19 shock. These funds will be part of SBP weekly reserves data as of April 24, 2020, to be released on April 30, 2020.

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