Forex reserves down $134 million

The country''s liquid foreign exchange reserves fell slightly by $134 million during last week. The State Bank of Pakistan (SBP) Thursday reported that the country''s total foreign exchange reserves stood at $20 billion as on January 5, 2018 compared to $20.154 billion on December 29, 2017.
During the week under review, the SBP''s liquid foreign exchange reserves fell by $124.2 million to reach $13.983 billion down from $14.106 billion a week earlier. According to the SBP, its reserves declined due to external debt servicing and other official payments. Similarly, at the end of last week, reserves held by banks stood at $6.037 billion, down $10 million.