Wednesday , June 23 2021
Breaking News
Home / Breaking News / Pakistan’s foreign exchange reserves fall by $777m
Pakistan’s foreign exchange reserves fall by $777m

Pakistan’s foreign exchange reserves fall by $777m

KARACHI: Pakistan’s foreign exchange reserves have fell by $777 million during a week owing to repayment of government’s external debt, State Bank of Pakistan (SBP) said Friday.

The country’s foreign exchange reserves fell to $22.746 billion by week ended April 30, 2021 as compared with $23.52 billion a week ago ended April 23, 2021.

The official reserves of the central bank fell by $830 million to $15.598 billion by week ended April 30, 2021 as compared with $16.428 billion a week ago. The SBP said that during the week government’ commercial loan of $ 1.0billion was paid, whose impact on SBP’s reserves was partially offset by official inflows.

The foreign exchange reserves held by commercial banks however increased by $53 million to $7.145 billion as compared with $7.092 million a week ago.