Foreign exchange: SBP’s reserves decrease to $18.41b

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.43% on a weekly basis on October 7, according to data released by the central bank on Thursday.

SBP’s liquid foreign exchange reserves decreased $81 million to $18,410 million compared to $18,491 million in the previous week.

Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $23,492 million while net reserves held by banks amounted to $5,081 million.

During the week, SBP made payments of $76 million on account of external debt servicing.

Three and four weeks ago, the SBP made payments of $239 million and $296 million, respectively, on account of external debt servicing. Over a month before, the SBP made similar payments of $60 million.

Published in The Express Tribune, October 14^th, 2016.

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