KARACHI: Pakistan Foreign Exchange reserves register decline, reports StateBank of Pakistan.
Foreign exchange reserves held by the State Bank of Pakistan (SBP)decreased by $110 million to $12,679.6 million during the week ending March13, 2020, according to data released by the central bank on Thursday.
This decline in SBP reserves is attributed to repayments related toexternal government debt, Hajj and other official payments during the week,the central bank said.
Net foreign reserves held by commercial banks also decreased, from $6,114.7million in the week ending March 3 to $6,063.4 million.
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The total liquid foreign reserves held by the country stood at 18,743million.
