Foreign exchange reserves have decreased 1.57pc week-on-week.According to data released by State Bank of Pakistan (SBP), on March 31, the foreign currency reserves held by the central bank were recorded at $16,466.1m, representing a decrease of $264.2m or 1.57%, compared to $16,730.3m the previous week. The dip in reserves is primarily due to funds being used to service external debt as well as making official payments.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, were recorded to be $21,550.5m. Net reserves held by banks amounted to $5,084.4m. Previously, Pakistan received $200m under the Coalition Support Fund (CSF) from the United States and utilised funds worth $97m for external debt servicing and other official payments.
