State Bank of Pakistan's forex reserves fall by $923 mn

During the week ending on January 20, the total foreign exchange reserves of the Pakistani central bank fell to around $3.67 billion, the central bank said in a statement on Thursday night.

The decrease was “due to external debt repayments”, Xinhua news agency quoted the statement as saying.

Net foreign reserves held by commercial banks came at $5.77 billion, it said.

Total liquid foreign reserves held by the South Asian country stood at about $9.45 billion, according to the SBP.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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