Pakistan's forex reserves fall by 237 mln US

ISLAMABAD:The State Bank of Pakistan (SBP) said on Thursday that its foreign exchange reserves had decreased 237 million U.S. dollars.

During the week ending on Dec. 1, the total foreign exchange reserves of the bank fell to around 7 billion dollars, the SBP said in a statement.

The decrease occurred "due to debt repayments," the statement said.

Net foreign reserves held by commercial banks came at 5.1 billion dollars, it added.

Total liquid foreign reserves held by the South Asian country stood at about 12.1 billion dollars, according to the SBP.

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