Thursday, February 20, 2020

Pakistan’s foreign exchange reserves down by $240 million

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Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

The foreign exchange reserves of Pakistan depleted by $240 million to $13.6 billion on January 04, 2019 as comparing with $13.4 billion in the previous week, State Bank of Pakistan (SBP) stated on Thursday.

The official reserves held by SBP declined by $239 million to $7.04 billion by week under review as compared with $7.3 billion in the preceding week.

The reserves of the central bank depleted due to external debt servicing and other official payments, the SBP said.

The foreign exchange held by commercial banks remains at $ 6.45 billion same as preceding week.

Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

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