Pakistan’s foreign reserves fall

The total liquid foreign reserves held by the country stood at US$ 17,387.5 million on 27-March-2020. The break-up of the foreign reserves position is as under:-

  • Foreign reserves held by the State Bank of Pakistan: US$ 11,185.6 million
  • Net foreign reserves held by commercial banks : US$ 6,201.9 million
  • Total liquid foreign reserves                 : US$ 17,387.5 million

During the week ended 27-March-2020, SBP reserves decreased by US$804 million to US$ 11,185.6 million. This decline is attributed primarily to government external debt payments, that amounted to US$441 million and other official payments.

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