ISLAMABAD (Reuters) -Pakistan’s central bank reserves have fallen to $10.5 billion, while the country’s total liquid reserves, including those held by commercial banks, stood at $16.6 billion, the bank said on Thursday.
Pakistan has seen a sharp decline in central bank reserves, which have dropped more than $5 billion since March, mainly due to debt and other external payments.
“During the week ended on 23-April-2022, SBP reserves decreased by US$ 328 million to US$ 10,558.2 million, due to external debt and other payments,” the bank said in a statement.
The South Asian nation has sought an increase in the size and duration of a $6 billion IMF programme agreed in 2019.
(Reporting by Asif Shahzad; Editing by Jan Harvey)
