Liquid foreign reserves declined in Pakistan

The total liquid foreign reserves held by the country stood at US$ 18,618.3 million on 15-May-2020. The break-up of the foreign reserves position is as under:-

  1. Foreign reserves held by the State Bank of Pakistan: US$ 12,129.3 million
  2. Net foreign reserves held by commercial banks : US$ 6,489.0 million
  3. Total liquid foreign reserves             : US$ 18,618.3 million

During the week ending 15-May-2020, SBP reserves decreased by US$ 141 million to US$ 12,129.3 million. During the week, the external debt repayments of US$ 156.1 million were made, which explain the fall in the FX reserves.

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