KARACHI: The foreign reserves at the central bank decreased by US$804 million to US$ 11,185.6 million during the week ending March 27, 2020, said a report by the State Bank of Pakistan on Thursday.
According to the central bank, the decline is attributed primarily to government external debt payments amounting to US$441 million and other official payments. The total liquid foreign reserves held by the country stood at US$ 17,387.5 million on 27 March, 2020.
The includes US$ 11,185.6 million foreign reserves held by the State Bank of Pakistan and net foreign reserves held by commercial banks were $6,201.9 million. The total liquid foreign reserves in the country stood at $17,387.5 million.
Yesterday, the State Bank of Pakistan released a statement said the outflow of foreign investment during the current fiscal year crossed $2 billion as foreign investors pulled out nearly sixty percent of their funds from the treasury bills. Over $1.9bn of foreign investment in the domestic bonds and equity flew out within a month.