The Amount Of Foreign Currency Reserves Held By Pakistan Has Decreased By $327m, To $7.4bn

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Based on statistics issued by the central bank, foreign currency reserves held by the State Bank of Pakistan (SBP) fell by $327 million to $7.4 billion in the week ending November 25, 2022.

As a result of the repayment of foreign debt, SBP reserves fell by $327 million to $7,498.7 million for the week ending November 25, 2022, the SBP said.

The State Bank of Pakistan (SBP) released a statement revealing the country’s total liquid foreign reserves to be $13.38 billion. Commercial banks’ net foreign reserves were valued at $5.88 billion.

It was announced on November 29 that Pakistan has received $500 million from the Asian Infrastructure Investment Bank (AIIB).

“Government of Pakistan has today received $500 million from AIIB. The funds are deposited with the State Bank of Pakistan (SBP) and will augment our reserves,” the ministry said in a post on its Twitter handle.

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