SBP foreign reserves decline by $146mn
- By Web Desk -
- Apr 09, 2021
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves fell by 1.06 per cent and were recorded at $13,572 million during the week ending on April 2.
According to the data released by the central bank, net reserves held by the SBP stood at $13,572 million.
Total liquid foreign #reserves held by the country stood at US$ 20.68 billion as of April 02, 2021. For details: https://t.co/bK3saioRPn pic.twitter.com/x9zDtg9LA6
— SBP (@StateBank_Pak) April 8, 2021
Net reserves held by commercial banks amounted to $7,152 million. Overall liquid foreign reserves held by the country stood at US$ 20.679 billion as of April 2, 2021.
The break-up of the foreign reserves position is as under:
- Foreign reserves held by the State Bank of Pakistan: US$ 13,527.2 million
- Net foreign reserves held by commercial banks: US$ 7,152.2 million
- Total liquid foreign reserves: US$ 20,679.4 million
SBP said that reserves were fell due to external debt repayments.