Foreign exchange reserves dip by $369 million

KARACHI: The liquid foreign exchange reserves of the country fell by $369 million to $19.535 billion by week ended September 25, 2020, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $19.904 billion by week ended September 18, 2020.

The official reserves of the SBP have come down by $342 million to $12.36 billion by week ended September 25, 2020 as compared with $12.702 billion a week ago.

The central bank attributed the decline to the government external debt payments amounting to $311 million, and other official payments.

The foreign exchange reserves held by commercial banks fell by $27 million to $7.175 billion by week ended September 25, 2020 as compared with $7.202 billion a week ago.

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