Reserves fall $299m

Published February 2, 2018

KARACHI: The country’s total liquid foreign exchange reserves amounted to $19.354 billion on Jan 26, down $285.9 million or 1.45 per cent from a week ago, the State Bank of Pakistan (SBP) said on Thursday.

Reserves of the SBP decreased $298m to $13.234bn. The decrease in reserves is due to payments on account of external debt servicing and other official outflows.

Net foreign exchange reserves held by commercial banks amounted to over $6.120bn on Jan 26, up $12.9m from the preceding week.

Published in Dawn, February 2nd, 2018

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