Pakistan’s Liquid Foreign Reserve falls

The total liquid foreign reserves held by the Pakistan stood at US$ 18,743.0 million on 13-March-2020. The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$ 12,679.6 million

Net foreign reserves held by commercial banks : US$ 6,063.4 million

Total liquid foreign reserves                 : US$ 18,743.0 million

During the week ending 13-March-2020, SBP reserves decreased by US$110 million to US$ 12,679.6 million. This decline in SBP reserves is attributed to repayments related to external Government debt, Hajj and other official payments during the week.

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