Pakistan’s forex reserves decrease by $628mn in a week

The State Bank disclosed that its reserves decreased due to payments on account of external debt servicing.

LAHORE: According to data released by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood at $14,893.2 million on September 28, 2018.

Foreign reserves held by the SBP stood at $8408.50 million, showing a 6.95 per cent decline (or $627.70 million) from the week ended earlier on September 19, 2018, when the reserves held by SBP stood at $9036.20 million.

The net foreign reserves held by commercial banks stood at $6484.70, showing a trivial decline of 0.01 per cent (or 0.60 million) from last week when the amount was recorded at $6485.30 million.

The total liquid foreign reserves held by the SBP stood at $14,893.20 million, showing a decline of 4.05 per cent (or $628.30 million) from last week when the amount was recorded at $15,521.50 million.

The State Bank disclosed that its reserves decreased due to payments on account of external debt servicing.

Must Read

Hong Kong budget to be released on Wednesday, financial secretary says

As Hong Kong prepares to unveil its highly anticipated new budget on Wednesday, Financial Secretary Paul Chan Mo-po has provided a glimpse into the...