Islamabad, Jan 6 (SocialNews.XYZ) The State Bank of Pakistan (SBP) announced that its foreign exchange reserves had decreased by $245 million.
During the week ending on December 30, 2022, the total foreign exchange reserves of the Pakistani central bank fell to around $5.57 billion, Xinhua news agency quoted the SBP as saying in a statement issued on Thursday night.
The decrease was "due to external debt repayment," the statement said.
Net foreign reserves held by commercial banks came at $5.84 billion, the central bank said.
Total liquid foreign reserves held by the country stood at about $11.42 billion, according to the SBP.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz