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Reserves decrease by $134m

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KARACHI: Pakistan’s total liquid foreign exchange reserves amounted to a little over $20 billion on Jan 5, down $134.3 million or 0.66 per cent from a week ago, the State Bank of Pakistan (SBP) said on Thursday.

Reserves of the SBP decreased $124m to $13.98bn due to external debt servicing and other official payments.

Net foreign exchange reserves held by commercial banks amounted to over $6bn on Jan 5, down $10.1m from the preceding week.

Published in Dawn, January 12th, 2018