Forex reserves decline by $194 million

The country's total liquid foreign reserves fell $194.4 million during the last week due to external debt servicing. According to State Bank of Pakistan's (SBP), weekly foreign exchange reserve report issued on Thursday, with current decline, the country's totaled foreign reserves were stood at $20.189 billion as on December 22, 2017 compared to $20.383 billion as on December 15, 2017.
During the week under review, reserves held by SBP dropped $199 million to $14.133 billion down from $14.332 billion. The decline in SBP's was occurred due to external debt servicing and other official payments.
Similarly, reserves held by banks increased by $4.5 million to $6.05 billion end of the last week.