Pakistan’s forex reserves ease to $27.103 billion

Pakistan’s forex reserves ease to $27.103 billion

KARACHI: The liquid foreign exchange of Pakistan has come down by $125 million to $27.103 billion by the week ended September 03, 2021, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $27.228 billion by the week ended August 27, 2021, the SBP added.

The official reserves of the SBP also fell by $123 million to $20.023 billion by the week ended September 03, 2021. The official reserves of the central bank slipped from record high of $20.146 billion a week ago.

The SBP attributed the decline in its foreign exchange reserves to external debt payments.

The foreign exchange reserves held by commercial banks slightly fell to $7.08 billion by the week ended September 03, 2021 as compared with $7.082 billion a week ago.

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