Pakistan’s liquid foreign reserves declined

The total liquid foreign reserves held by the country stood at US$ 18,105.1 million on 20-March-2020. The break-up of the foreign reserves position is as under:-

  1. Foreign reserves held by the State Bank of Pakistan: US$ 11,989.2 million
  2. Net foreign reserves held by commercial banks : US$ 6,115.9 million
  3. Total liquid foreign reserves             : US$ 18,105.1 million

During the week ended 20-March-2020, SBP reserves decreased by US$690 million to US$ 11,989.2 million. This decline is attributed primarily to government external debt payments, that amounted to US$391 million and other official payments.


 

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