Thursday, October 29, 2020

Pakistan’s Foreign Reserves decline by $ 220 million to $ 17.22 billion

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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 total liquid foreign reserves held by the country stood at US$17,228.3 million on April 05.

The break-up of the foreign reserves position. Foreign reserves held by the State Bank of Pakistan $ 10,271.9 million.

Net foreign reserves held by commercial banks $ 6,956.4 million.

Total liquid foreign reserves​​​ $ 17,228.3 million. During the week ending April 5, SBP’s reserves decreased by US$220 million to US$10,271.9 million, due to external debt servicing and other official payments.

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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