Total liquid foreign reserves held by the country stood at $13.76 billion
Karachi: Sending an alarming signal to the economic managers, foreign exchange reserves held by the State Bank of Pakistan (SBP) have dropped another $341 million to reach $8 billion as of September 23, 2022.
According to data released by the State Bnak of Pakistan on Thursday, total liquid foreign reserves held by the country stood at $13.76 billion. Net foreign reserves held by commercial banks amounted to $5.76 billion.
“During the week ended on September 23, 2022, SBP’s reserves decreased by $341 million to $8,005.9 million due to external debt repayment,” said the SBP.
Earlier this month, SBP's reserves had increased as the central bank received the $1.2-billion tranche from the International Monetary Fund (IMF).
Later, the Saudi Development Fund also rolled over a $3-billion deposit with the SBP -- an amount that was due to mature in December 2022. However, this development was not meant to increase foreign exchange as the amount was already part of SBP's reserves.
India plans $230m drone incentive after Pakistan conflict, sources say
- 2 گھنٹے قبل
Body of Liverpool footballer Jota arrives in Portugal for hometown wake
- 2 گھنٹے قبل
Six killed as tourist van falls into Neelum River
- 2 گھنٹے قبل
Saudi Arabia’s current priority is a permanent Gaza ceasefire, foreign minister says
- ایک گھنٹہ قبل
UN records 613 deaths at Gaza aid points, convoys
- 9 منٹ قبل
20 child deaths spark stern action from CM Maryam Nawaz
- 30 منٹ قبل
Sweet turns bitter: Sugar price hits Rs196 per kg
- ایک گھنٹہ قبل
Pakistani cricket team's fielding coach resigns
- 3 گھنٹے قبل
PSX soars to record high
- 2 گھنٹے قبل
Court orders transfer of lion to Safari Park after attack on kids in Lahore's Johar Town
- 3 منٹ قبل
‘Reservoir Dogs’ and ‘Kill Bill’ actor Michael Madsen dies at 67
- 2 گھنٹے قبل
THAAD deployed: US missile defense system now active in KSA
- ایک گھنٹہ قبل
