SBP foreign reserves dip $465m

The foreign exchange reserves held by the State Bank of Pakistan (SBP) dropped by $465mn during the week ended on 3rd of April. 

According to the data released by the central bank, the foreign currency reserves held by the SBP were recorded at $10.72 million. The SBP attributed the decline to external debt repayments.

Whereas the country’s net foreign reserves were calculated to be $16.98 billion. The commercial banks’ holdings stood at $6.26 billion.