January 27, 2023
1 min read

State Bank of Pakistan’s forex reserves nose dive

According to the reports, during the week ending on January 20, the total foreign exchange reserves of the Pakistani central bank fell to around $3.67 billion…reports Asian Lite News

The State Bank of Pakistan (SBP) said its foreign exchange reserves had decreased by $923 million last week.

During the week ending on January 20, the total foreign exchange reserves of the Pakistani central bank fell to around $3.67 billion, the central bank said in a statement on Thursday night.

The decrease was “due to external debt repayments”, Xinhua news agency quoted the statement as saying.

Net foreign reserves held by commercial banks came at $5.77 billion, it said.

Total liquid foreign reserves held by the South Asian country stood at about $9.45 billion, according to the SBP.

ALSO READ: Pakistan yet to decide on India’s invitation for SCO meet

Previous Story

Israeli fighter jets strike Gaza

Next Story

Nationwide Power Failure Roks Pakistan

Latest from -Top News

Macron backs Syria sanctions shift 

 Diplomatic outreach, sanctions, reconstruction, and sectarian unrest shape Syria’s complex new chapter.  In a landmark visit signalling Syria’s first re-engagement with a European capital in over a decade, French President Emmanuel Macron

Up to 1,000 transgender troops moved out

Department officials have said it’s difficult to determine exactly how many transgender service members there are The Pentagon will immediately begin moving as many as 1,000 openly identifying transgender service members out

Singapore lauds UAE field aid

A Singaporean delegation visited the UAE Floating Hospital in Al-Arish, where they toured its various departments and were briefed on the medical and humanitarian services provided to patients arriving from the Gaza

Leaders hail new Pope

The UAE President expressed hope that the pontiff’s tenure would advance global harmony, peace, and interfaith understanding President His Highness Sheikh Mohamed bin Zayed Al Nahyan has extended warm congratulations to Cardinal

U.S. Cardinal Named Pope Leo XIV

Joy erupted among the clergy and laity awaiting a decision, and all eyes were on the balcony, awaiting the first appearance of the new head of the Roman Catholic Church…reports Asian Lite
Go toTop

Don't Miss

Imran Khan and judiciary put Pakistan Army in disarray

Two generals had informed General Asim Munir beforehand if the

DAILY BRIEF: India faces major polling as Pakistan sinks Imran Khan in popularity rankings

On an important day of polling in India, over 2.14