Forex reserves declines by $161 million

The country's total liquid foreign reserves declined by $161 million to stand at $18.079 billion on March 16, 2018. The foreign reserves held by the State Bank of Pakistan decreased by $182 million to $11.944 billion. The net foreign reserves held by commercial banks, however, increased by $21 million to $6.135 billion. During the week ended March 16, 2018, SBP's reserves decreased by $182 million to $11.944million, due to payments on account of external debt servicing.