Pakistan’s forex reserves fall by $923 million

| Updated: January 30, 2023 19:59:57

Pakistan’s forex reserves fall by $923 million

The State Bank of Pakistan (SBP) said its foreign exchange reserves had decreased by 923 million US dollars last week.

During the week ending on Jan. 20, the total foreign exchange reserves of the Pakistani central bank fell to around 3.67 billion US dollars, the central bank said in a statement on Thursday night.

The decrease was "due to external debt repayments," reports Xinhua citing the statement.

Net foreign reserves held by commercial banks came at 5.77 billion US dollars, it said.

Total liquid foreign reserves held by the South Asian country stood at about 9.45 billion US dollars, according to the SBP.

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