KARACHI: For the third week in a row, the State Bank of Pakistan’s (SBP) foreign exchange reserves decreased by 3.83% in Pakistan.According to data issued by the SBP on Thursday, as of October 7, the foreign exchange reserves held by the SBP were $7,596.9 million, a decrease of $303 million from $7,899.8 on September 30.
In all, the nation maintained $13,246.8 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 $5,649.9 million. The repayment of external debt, including interest on Eurobonds and a commercial loan, was mentioned by the central bank as a main factor in the fall.
