Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell below $7 billion at the end of last week due to external debt servicing. Weekly FX report revealed that the SBP's reserves decreased by $148 million due to external debt servicing and other official payments. With current decline, the SBP's foreign exchange reserves declined to $6.9 billion as on January 11, 2018 compared to $7.049 billion on January 4, 2019. However, reserves held by banks witnessed a rising trend, up by $40 million to $6.588 billion at the end of last week. During the week under review, total liquid forex reserves held by the country stood at $13.489 billion down from $13.597 billion.
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