Pakistani central bank’s forex reserves fall by 784 mln USD
ISLAMABAD — The State Bank of Pakistan (SBP) announced that its foreign exchange reserves had decreased by 784 million U.S. dollars.
During the week ending on Dec. 2, the total foreign exchange reserves of the Pakistani central bank fell to around 6.71 billion dollars, the SBP said in a statement on Thursday night.
“This decline is on account of the payment of one billion U.S. dollars against maturing sukuk dollar bonds and some other external debt repayments,” the statement added.
Net foreign reserves held by commercial banks came at 5.86 billion dollars, the central bank said.
Total liquid foreign reserves held by the South Asian country stood at about 12.58 billion dollars, according to the SBP. (Xinhua)