Pakistan FX reserves held by central bank fall to $6.7 billion as of Dec 2

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FILE PHOTO: FILE PHOTO: Logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at the head office in Karachi

ISLAMABAD (Reuters) – Pakistan’s foreign exchange reserves held by the central bank fell by $784 million to $6.7 billion as of Dec. 2, the central bank said in a statement on Thursday.

“This decline is on account of the payment of US $1,000 million against maturing Pakistan International Sukuk and some other external debt repayments,” the statement said.

It said some debt repayments were offset by inflows, mainly $500 million received from the Asian Infrastructure Investment Bank.

(Reporting by Gibran Peshimam; Editing by Mark Heinrich)

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