Forex reserves fall by $245 million

07 Apr, 2017

The country''s total liquid foreign exchange reserves declined by $245 million to $21.550 billion during the week ended March 31, 2017. During the week, forex reserves held by the State Bank of Pakistan (SBP) decreased by $264 million to $16.466 billion. The decrease has been mainly attributed to external debt servicing and other official payments. The net foreign exchange reserves held by commercial banks, however increased by $19 million to $5.084 billion during the week.

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