Pakistan’s liquid foreign reserves fall last week

According to State Bank of Pakistan, the total liquid foreign reserves held by the Pakistan stood at US$ 18,744.5 million on 08-May-2020. The break-up of the foreign reserves position is as under:-

  1. Foreign reserves held by the State Bank of Pakistan: US$ 12,270.7 million
  2. Net foreign reserves held by commercial banks : US$ 6,473.8 million
  3. Total liquid foreign reserves             : US$ 18,744.5 million

During the week ending 08-May-2020, SBP reserves decreased by US$ 59 million to US$ 12,270.7 million, mainly on account of external debt repayments.

 


 

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