On January 19, foreign currency reserves held by the central bank were recorded at $13,532.8 million, down $166.2 million or 1.21% compared to $13,699 million in the previous week. The decrease in reserves was attributed to external debt servicing and other official payments. Foreign exchange: SBP’s reserves decrease another 2.03%, now stand at $13.7bOverall, liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $19,640.4 million. Pakistan recently raised $2.5 billion 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 January 25, 2018 15:45 UTC