Pak Forex Reserves Decline by $586.5 MLN
KARACHI, Pakistan News: Pakistan’s total liquid foreign exchange reserves have witnessed a decrease of 586.5 million dollars to 14.51 billion dollars due to a payment made for Euro Bonds, State Bank of Pakistan said Thursday.
SBP spokesman, Syed Wasimuddin said that the government made a payment for Euro Bonds worth 600 million dollars on January 26.
According to break-up, foreign reserves held by SBP amount to 10.72 billion dollars and net forex reserves held by banks (other than SBP) 3.79 billion dollars.
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