The country''s total liquid foreign exchange reserves fell by $576 million during last week, mainly due to external debt servicing. According to State Bank of Pakistan''s (SBP) weekly report issued Thursday, the country''s total liquid foreign exchange reserves stood at $13.996 billion as on Nov 30, 2018 compared to $14.572 billion on Nov 23, 2018.
During the week under review, the SBP''s reserves decreased by $560 million to $7.502 billion down from $8.062 billion. According to the report, the decline in the SBP''s reserves was due to external debt servicing and other official payments.
Similarly, reserves held by the banks stood at $6.494 billion at the end of the week down from $6.51 billion a week earlier.
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