*KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves fellby $328 million to $10.558 billion during the week that ended on April 23,data released by the central bank showed on Thursday. *
The total foreign reserves held by the country, including net reserves ofcommercial banks, stood at $16.668 billion as of April 23.
Net foreign reserves of banks were recorded at $6.110 million.
The SBP said said its reserved decreased due to external debt repayments.
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Earlier, the Ministry of Finance clarified that there had been no freshborrowings by the government from the State Bank of Pakistan (SBP).
“In fact the government has been retiring its previous stock of debt withthe SBP on its maturity,” the ministry said in a statement while respondingto news circulating on social media whereby an impression was being createdthat government had borrowed from the central bank.
