Tag: Financial Reserves
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Pakistan repays $5.4 billion of $24.6 billion external debt
The State Bank of Pakistan (SBP) governor revealed that Pakistan’s external debt obligations for Fiscal Year 2024 are $24.6 billion, as stated during the post-Monetary Policy Committee (MPC) meeting on Tuesday.
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Pakistan’s forex reserves decline by $59 million to $7.64 billion due to debt payments
The State Bank of Pakistan (SBP) reported a weekly decrease in foreign exchange reserves, with a decline of $59 million, bringing the total to $7.64 billion as of September 22, according to data released on Thursday. The overall liquid foreign reserves of the country amounted to $13.16 billion, with commercial banks holding net foreign reserves…