Forex reserves fall by $93 million

The country's total liquid foreign exchange reserves declined by $93 million during the last week. According to State Bank of Pakistan (SBP), the country's total liquid reserves stood at $15.944 billion as on February 20, compared to $16.037 billion on February 13, 2015. During the week, SBP's liquid forex reserves decreased by $119 million to $11.075 billion compared to $11.194 billion in the previous week.
During the week under review, SBP made payments of $161 million on account of external debt and other official payments, which included $136 million payment to the IMF under the SBA. During the same period, SBP received $43 million from multilateral, bilateral and other sources. Similarly, reserves held by banks surged by $26 million to $4.869 billion at the end of the last week.