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Reserves dip by $1.03bn

Updated April 19, 2019

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Decrease in dollar stick amid external debt servicing, repayment of $1bn principal against PSB, says SBP. ─ File photo
Decrease in dollar stick amid external debt servicing, repayment of $1bn principal against PSB, says SBP. ─ File photo

KARACHI: Reserves held by the State Bank of Pakistan (SBP) plunged by $1.028 billion to $9.244bn during the week ended on April 12.

The decrease in dollar stock came amid external debt servicing, including principal repayment of $1bn against Pakistan Sovereign Bond, said a press release from SBP.

Meanwhile, holdings of the commercial banks stood at $6.952bn while total liquid reserves of the country amounted to $16.2bn during the period under review.

Published in Dawn, April 19th, 2019