KARACHI: Pakistan’s total liquid foreign exchange reserves amounted to $23.6 billion on November 25, down $250 million or 1 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 decrease in reserves was on account of external debt servicing and other official payments. SBP’s liquid foreign exchange reserves decreased 1.4pc week-on-week to $18.5bn.

Net foreign exchange reserves held by commercial banks amounted to $5bn on Nov 25, registering a nominal increase over the preceding week.

Published in Dawn, December 2nd, 2016