SBP reserves down by $728m

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SBP

The foreign exchange reserve held by the State Bank of Pakistan (SBP) decreased by US$ 728 million to US$ 11,319.2 million during the week ending on April 01, 2022, State Bank of Pakistan reported Thursday.

According to SBP statement issued here, the decline in SBP reserve, largely due to debt repayment and government payment pertaining to settlement of an arbitration award related to a mining project. The total liquid foreign reserves held by the country stood at US$17,476.9 million.

According the break-up figures, the foreign reserves held by the State Bank of Pakistan stood at US$ 11,319.2 million whereas the net foreign reserves held by commercial banks stood at US$ 6,157.7 million.—APP

 

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