Foreign exchange reserves ease to $19.904 billion

KARACHI: The liquid foreign exchange reserves of the country fell by $55 million to $19.904 billion by week ended September 18, 2020, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $19.959 billion by week ended September 11, 2020.

The foreign exchange reserves held by the central bank declined by $118 million to $12.702 billion by week ended September 18, 2020 as compared with $12.82 billion a week ago.

The SBP attributed to decline in reserves to external debt repayment of the country.

However, the reserves held by commercial banks increased by $63 to $7.202 billion by week ended September 18, 2020 as compared with $7.139 billion a week ago.

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