KARACHI: Pakistan’s total liquid foreign exchange reserves amounted to $23.1 billion on December 16, down $163 million or 0.7 per cent from a week ago, the State Bank of Pakistan (SBP) said on Thursday.
According to a statement released by the central bank, the SBP’s reserves also decreased $133 million to $18,190m. The decrease in SBP’s reserves was due to external debt servicing and other official payments, it said.
Net foreign exchange reserves held by commercial banks amounted to $4.9bn on Dec 9, registering a nominal decrease over the preceding week.
Published in Dawn, December 23rd, 2016