Forex reserves fall by $102 million

The country's total liquid foreign exchange reserves declined by $102 million during the last week. According to State Bank of Pakistan (SBP) weekly forex report issued Thursday, the country's total liquid forex reserves stood at $19.819 billion during the week ended October 23, 2015 compared to $19.921 billion on October 16, 2015.
During period under review, SBP's liquid forex reserves fell by $102 million to $14.918 billion, compared to $15.020 billion last week. During the week, SBP made payments of $123 million on account of external debt servicing and other official payments. Reserves held by banks stood at $4.9 billion at the end of last week.