KARACHI: Pakistan’s total liquid foreign exchange reserves amounted to $23.3 billion on December 2, down $270 million or 1.1 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.

SBP’s liquid foreign exchange reserves decreased 1.2pc week-on-week to $18.3bn. Net foreign exchange reserves held by commercial banks amounted to $4.9bn on Dec 2, registering a nominal decrease over the preceding week.

Published in Dawn, December 9th, 2016