SBP’s reserves fall 2.61%, amount to $15.3b

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 2.61% on a weekly basis, according to data released on Thursday.

On June 9, the foreign currency reserves held by the central bank were recorded at $15,296.3 million, decreasing $410.3 million or 2.61%, compared to $15,706.6 million in the previous week, according to the central bank.

Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,157.8 million.

Net reserves held by banks amounted to $4,861.5 million. Last week, the SBP made payments of $1,239 million on account of external debt servicing, which included principal repayment of $750 million against Pakistan’s sovereign bond.

Published in The Express Tribune, June 16^th, 2017.

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