SBP reserves fall $205mn to $12.1bn
- By Web Desk -
- Oct 08, 2020
KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $205 million to $12.15 billion during the week ended on 2nd of October, ARY News reported.
According to the central bank’s weekly report, its reserves dropped to $12,154.7 million. The central bank attributed the decrease to government external debt payments of $580 million.
“After accounting for official inflows, including US$ 300 million received from Asian Development Bank (ADB), SBP reserves decreased by $205 million to $12,154.7 million” read the statement.
Detailing the position of the reserves, the SBP said that the overall foreign reserves of the country stood at $19.35 billion. The central bank said that the commercial banks currently held the foreign reserves of $7.19 billion.
Read More: SBP reserves fall by $342mn to $12.3bn
Earlier on October 1, foreign exchange reserves held by the State Bank of Pakistan (SBP) had decreased by $342 million to $12.35bn during the week ended on 25th of September.
The central bank had attributed the decrease to government external debt payments of $311 million.
Detailing the position of the reserves, the SBP had said that the overall foreign reserves of the country stood at $19.53 billion.