Business

Foreign exchange reserves slumps to $15.943bn

ISLAMABAD: Total liquid foreign reserves of the country has witnessed decline of $93 million during the week ended on February 20, ARY News has learnt.

According to details, the total amount of foreign exchange reserves hold by the country slumped to $15943 million.

The weekly statement released by State Bank of Pakistan (SBP) revealed that foreign reserves held by State Bank on February 20 were $11075 million with the decrease of $119 million as compared to $16036 million during previous week.

The decline occurred despite that SBP had received $43 million from multilateral, bilateral and other sources.

The net foreign reserves held by other bank were $4868 million as compared to $4842 million during previous week.

The central bank made payments of $161 million on account of external debt servicing and other official payments during the week ended on February 20. This includes $136 million payment under Stand-By Arrangement (SBA) to International Monetary Fund (IMF).

 

 

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