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SBP RESERVES FALL $106MN TO $7.9BN

According to information made public by the State Bank of Pakistan (SBP) on Thursday, the foreign exchange reserves held by the central bank decreased by $106 million during the week ending on September 30, 2022.

According to SBP, who shared a breakdown of the foreign reserves situation, the central bank’s foreign exchange holdings were recorded at $7.9 billion, down from $8.6 billion on September 30 by $106 million.

The SBP reported on Thursday that the country’s total liquid foreign reserves were at $13.59 billion. Commercial banks held $5.69 billion in net foreign reserves.

The SBP reported that during the week ending September 30, 2022, external debt repayment, including interest payments on Eurobonds, caused a $106 million decline to $7,899.8 million in SBP reserves.

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