The country's total liquid foreign exchange reserves fell by $335 million during last week mainly due to debt payment. According to State Bank of Pakistan's (SBP) weekly forex report issued Thursday, the country's total liquid foreign exchange reserves stood at $21.266 billion on June 3, 2016 compared to $21.602 billion on May 27, 2016.
During the week under review, SBP's liquid foreign exchange reserves decreased by $344 million to $16.462 billion compared to $16.807 billion in the previous week. During the week, SBP made payments of $374 million on account of external debt servicing and other official payments. Reserves held by banks witnessed a slight increase of $1 million to $4.804 billion at the end of the week against $4.794 billion a week earlier.
Comments
Comments are closed.