Reserves down


Reserves down KARACHI: Pakistan’s total liquid foreign exchange reserves amounted to $22.7 billion on Sept 16, down 0.7 per cent from a week ago, the State Bank of Pakistan (SBP) said on Thursday.

According to a statement released by the central bank, SBP’s liquid foreign exchange reserves decreased by $197 million to $17.6bn compared to $17.8bn in the preceding week.

During the week, the SBP made payments of $239m on account of external debt servicing.

Net foreign exchange reserves held by commercial banks amounted to a little over $5bn on Sept 16 after increasing by 0.7pc over the preceding week.


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