Pakistani central bank’s forex reserves fall by 32 mln USD

The State Bank of Pakistan (SBP) said that its foreign exchange reserves had decreased by 32 million U.S. dollars.

During the week ending on July 27, the total foreign exchange reserves of the Pakistani central bank fell to around 8.2 billion dollars, the SBP said in a statement.

The decrease occurred “on account of debt repayments,” it added.

Net foreign reserves held by commercial banks came at 5.3 billion dollars, the central bank said.

Total liquid foreign reserves held by the South Asian country stood at about 13.5 billion dollars, according to the SBP.

Source: Xinhua Finance Agency