Decrea­se attrib­uted to paymen­ts on accoun­t of extern­al debt servic­ingKARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.19% on a weekly basis, according to data released by the central bank on Thursday. On December 29, foreign currency reserves held by the central bank were recorded at $14,106.7 million, down $26.6 million or 0.19% compared to $14,133.3 million in the previous week. Overall, liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,154.3 million. Foreign exchange: SBP’s reserves down 1.39%, stand at $14.1bPakistan 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 04, 2018 14:15 UTC