The country's foreign exchange reserves posted a decline of $142 million during the last week because of external debt payment. According to State Bank of Pakistan's (SBP) weekly forex report issued Thursday, the country's total foreign exchange reserves stood at $16.132 billion on March 20, 2015 compared to previous $16.274 billion.
During the week under review, SBP's liquid forex reserves decreased by $159 million to $11.067 billion down from $11.226 billion in the previous week.
External debt payment has resulted in slight decline in the reserves. During the week, the SBP made payments of $268 million on account of external debt and other official payments, which included $51 million payment to the International Monetary Fund under the ENDA. During the same period, the SBP received $114 million from multilateral, bilateral and other sources. Moreover, reserves held by banks increased by $17 million to $5.065 billion previous week.
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