KARACHI: The official foreign exchange reserves of State Bank of Pakistan (SBP) declined by $250 million owing to external debt payments.
The official reserves of the central bank decreased to $16.212 billion by week ended March 04, 2022. The central bank’s official reserves were $16.462 billion a week ago on February 25, 2022, the SBP said on Thursday.
The SBP said the reserves were declined due to external debt and other payments.
The total liquid foreign exchange reserves of the country fell by $206 million to $22.669 billion by week ended March 04, 2022 as against $22.875 billion as on February 25, 2022.
The foreign exchange reserves held by commercial banks, however, increased by $44 million to $6.457 billion by week ended March 04, 2022 as compared with $6.413 billion a week ago.
READ MORE: Pakistan’s forex reserves decline to $22.875 billion
