Times of Islamabad

Pakistan foreign exchange reserves fell significantly

Pakistan foreign exchange reserves fell significantly

ISLAMABAD: Foreign Exchange reserves held by State Bank of Pakistan (SBP)fell by US$ 219 million to US$8.805 billion, a data released by the banksaid on Thursday.

It said during the week ending April 26, the SBP’s reserves decreased dueto external debt servicing and other official payments.

The net foreign reserves held by commercial banks stood at $6.937 billionas on April 26, while the net liquid foreign reserves held by the countrystood at US$15.742 billion.