Pakistani central bank's forex reserves fall 6 million USD
Xinhua,
Published 2023 May 06 Saturday
ISLAMABAD : The State Bank of Pakistan (SBP) has said its foreign exchange reserves had decreased by 6 million U.S. dollars. During the week ending on April 28, the total foreign exchange reserves of the Pakistani central bank fell to around 4.5 billion dollars, the SBP said in a statement on Thursday night.
Net foreign reserves held by commercial banks came at nearly 5.6 billion dollars, the central bank said.Total liquid foreign reserves held by Pakistan stood at about 10 billion dollars, according to the SBP. Pakistan has been facing a shortage in its foreign exchange reserves for quite some time, which is affecting the overall exchange rate, and business and economic activity in the South Asian country.
