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Forex reserves continue to fall amid external debt payments

The reserves fell by $497 million owing to external debt repayment

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Forex reserves continue to fall amid external debt payments
GNN Media: Representational Photo

Karachi: Pakistan's foreign exchange reserves continued to decline as the total amount held by the country dropped to $15.2 billion, the latest data from the State Bank of Pakistan (SBP) showed Thursday.

The total liquid foreign reserves held by the country stood at $15,176.5 million as of June 3, after the reserves declined by $594.9 million or 3.77%, compared to $15,771.4 million reserves on May 27, the data revealed.

According to the central bank, the reserves fell by $497 million due to external debt repayment.

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