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Markets Print edition: 2020-10-02

Forex reserves down $369m

Published October 2, 2020 Updated October 2, 2020 02:58am
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KARACHI: The country's total liquid foreign exchange reserves fell by $369 million in a week due to external debt servicing.

According to the State Bank of Pakistan's weekly foreign exchange report issued Thursday, total liquid foreign exchange reserves stood at $19.535 billion as on September 25, 2020 compared to $19.904 billion a week earlier.

During the week under review, SBP's reserves decreased by $342 million to $12.36 billion. According to SBP, this decline is attributed to government external debt payments, that amounted to $311 million and other official payments.

Copyright Business Recorder, 2020

KIBOR

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