SBP
Pakistan: SBP reserves drop to $20,145.6 million
Islamabad: The foreign exchange reserves held by Pakistan's central bank dropped by 0.61% on a weekly basis, as per the data released by the State Bank of Pakistan (SBP) on Thursday.
On September 3, the foreign currency reserves held by the SBP were recorded at $20,022.6 million, down $123 million compared with $20,145.6 million recorded on August 27, reports The Express Tribune.
The decrease came on the back of external debt repayments, stated the central bank.
Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $27,102.6 million. Net reserves held by banks amounted to $7,080 million, the Pakistani newspaper reported.
Earlier on August 27, the foreign exchange reserves held by the central bank soared to an all-time high of $20.15 billion after Pakistan received general allocation of Special Drawing Rights (SDRs) worth $2,751.8 million from the International Monetary Fund (IMF) on August 24.
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