Forex reserves down $55m

Updated 25 Sep, 2020

KARACHI: The country's total liquid foreign exchange reserves declined by $55 million to stand at $19.9 billion at the end of last week.

During the week that ended September 18, 2020, the State Bank of Pakistan's foreign exchange reserves decreased by $119 million to $12.702 billion mainly due to government external debt repayments.

However, net foreign reserves held by commercial banks increased by $64 million to $7.2 billion.

Copyright Business Recorder, 2020

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