Pakistani central bank's forex reserves fall by 140 mln USD

Xinhua
15 Sep 2023, 10:18 GMT+10

ISLAMABAD, Sept. 15 (Xinhua) -- The State Bank of Pakistan (SBP) said that its foreign exchange reserves had decreased by 140 million U.S. dollars.

During the week ending on Sept. 8, the total foreign exchange reserves of the bank fell to around 7.6 billion dollars, the SBP said in a statement on Thursday evening.

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

Net foreign reserves held by commercial banks came at 5.4 billion dollars, the central bank said.

Total liquid foreign reserves held by the South Asian country stood at about 13 billion dollars, according to the SBP.

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