Pakistan foreign exchange reserves suffer another significant blow

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*KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reservesdipped by $470 million to $10.849 billion during the week that ended onApril 8, data released by the central bank showed on Thursday.*

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The total liquid foreign reserves held by the country, including netreserves of commercial banks, stood at $17.028 billion as of April 8.

Net foreign reserves of banks were recorded at $6.178 billion.

The SBP said said its reserved decreased due to external debt repayments.