KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves for Pakistan decreased by 2.07% once more.According to data issued by the SBP on Thursday, as of October 21, the foreign exchange reserves held by the SBP were $7,439.9 million, a decrease of $157 million from $7,597.2 on October 14.
In all, the nation maintained $13,162.2 million in liquid foreign currency reserves, including net reserves held by banks other than the SBP.The total amount of net reserves held by banks was $5,722.3 million. Repayment of external debt was one of the main causes of the fall, according to the central bank.But it also mentioned that SBP had obtained $1.5 billion in loans for the Pakistani government from the Asian Development Bank. The SBP reserves for the week ending October 28 will reflect these proceeds, according to the central bank.
