SBP’s reserves decrease by $124mn

By PPI News Agency Jan11,2018

Karachi: State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at US$20,020.0 million on 05January2018.The break-up of the foreign reserves position is as under:-

i) Foreign reserves held by the State Bank of Pakistan : US$ 13,982.5 million

ii) Net foreign reserves held by commercial banks : US$ 6,037.5 million

iii) Total liquid foreign reserves : US$ 20,020.0 million

During the week ending 05January2018, SBP’s reserves decreased by US$124 million to US$13,983 million, due to external debt servicing and other official payments.

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