Total liquid foreign reserves decreased US$ 1880.8 million in one month

The total liquid foreign reserves held by the country stood at US$ 16,988.2 million on 03-April-2020. According to SBP US$ 1880.8 million is decline in the month of March.

US$ 18,869.0 million on 28-February-2020. The break-up of the foreign reserves position is Foreign reserves held by the State Bank of Pakistan is US$ 12,757.5 million and Net foreign reserves held by commercial banks is US$ 6,111.5 million. During the week ending 06-March-2020, SBP reserves increased by US$32 million to US$ 12,789.9 million. During the week ending 13-March-2020, SBP reserves decreased by US$110 million to US$ 12,679.6 million.

This decline in SBP reserves is attributed to repayments related to external Government debt, Hajj and other official payments during the week. In next week reserves decreased more US$690 million to US$ 11,989.2 million. This decline is attributed primarily to government external debt payments, that amounted to US$391 million, and other official payments.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.

During the week ending 03-April-2020, SBP reserves decreased by US$463 million to US$ 10,722.5 million. This decline is attributed to external debt repayments of US$465 million. According to SBP Net foreign reserves held by commercial banks is stood at US$ 6,265.7 million. (Bol News)

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