The country's liquid foreign exchange reserves posted a decline of $163 million during the last week. According to State Bank of Pakistan's weekly report issued Thursday, the country's total liquid forex reserves stood at $13.415 billion on September 5, 2014 compared to $13.578 billion as on August 29, 2014, depicting a decline of $162.9 million.
During last week, the SBP's liquid forex reserves decreased by $25.2 million to $8.693 billion compared to $8.718 billion in the previous week. During the week, the SBP made payments of $61 million on account of external debt, however no major official inflows were received by the SBP. In addition, reserves held by banks posted a decline of $137.7 million during last week. With the current fall, banks' reserves reached $4.7214 billion at the end of the week compared to $4.8591 billion a week earlier.