On February 16, foreign currency reserves held by the central bank were recorded at $12,703.7 million, down $130.2 million or 1.01% compared to $12,833.9 million in the previous week. Foreign exchange: Worries increase as SBP’s reserves fall 1.74% to $12.8bOverall, liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $18,828.7 million. Net reserves held by banks amounted to $6,125 million. Pakistan raised $2.5 billion in November 2017 by floating dollar-denominated sovereign bonds in the international market in a bid to shore up official reserves. In January, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.

Source: The Express Tribune February 22, 2018 14:48 UTC