The decline in foreign currency reserves was attributed by the central bank to debt repayments.
Islamabad: The State Bank of Pakistan's (SBP) foreign exchange holdings dropped by $140 million on a weekly basis, reaching $7.64 billion as of September 8.
The overall amount of liquid foreign reserves held by the country as of Thursday, according to the report, was $13.08 billion.
Moreover, Commercial banks held $5.44 billion in net foreign reserves.
The decline in foreign currency reserves was attributed by the central bank to debt repayments.
The SBP reported that due to debt repayments, for the week ending on September 8, 2023, "SBP's reserves decreased by $140 million to $7,638.9 million."
The SBP's reserves decreased by $70 million last week. The amount of dollars held by the central bank has decreased by a total of $416 million during the past four weeks.
Thieves steal Renoir paintings from French Riviera museum
- 17 گھنٹے قبل
Why Iowa is a state to watch in the midterms
- 36 منٹ قبل
Security forces kill 11 terrorists in Kharan, Washuk: ISPR
- 17 گھنٹے قبل
Apple debuts passport-shaped foldable phone, called Duo
- 8 گھنٹے قبل
Brent crude rises above $100 a barrel as Middle East conflict escalates
- 17 گھنٹے قبل
The Jewish Democrats trying to get to “yes” on Abdul El-Sayed
- 16 گھنٹے قبل
The mystery at the heart of Trump’s trade war
- 35 منٹ قبل
Data centers can’t win on Earth. How about in space?
- 16 گھنٹے قبل
The unusually muted Tesla Cybercab launch
- 18 گھنٹے قبل
Eight Muslim countries welcome UK ban on goods from illegal Israeli settlements
- 8 گھنٹے قبل
Your food may be safe. Its packaging is another story.
- 35 منٹ قبل
Trump’s Smithsonian vendetta, briefly explained
- 36 منٹ قبل
