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

‘Africa could become renewable superpower’

Speaking at the Tokyo International Conference on African Development (TICAD) on Thursday, Guterres pressed for greater flows of finance and technology to help African nations unlock their vast renewable resources…reports Asian Lite

‘Enlarge Africa on World Maps’

On the familiar Mercator map, created in the 16th century by Flemish cartographer Gerardus Mercator, Greenland and Africa appear to be roughly the same size. In reality, Africa is vast enough to

Grave Horror in Lanka

Suspicions are mounting that the body remains may belong to civilians who disappeared during the brutal civil war between government forces and Tamil Tiger rebels, which raged from 1983 until its bloody

US General Axed Over Trump Clash

Lt Gen. Kruse is the latest high-ranking official to be removed under the second Trump administration and the second senior military intelligence leader to be ousted….reports Asian Lite News The Pentagon has
Go toTop

Don't Miss

Pakistan govt mulls to declare PTI a banned outfit

Punjab Police along with other law enforcement agencies conducted an

‘Pakistan prefers ‘debilitated’ Afghanistan’

Fabien Baussart, the President of Center of Political and Foreign