Pakistan’s liquid foreign reserves stands at $21,550.5 million

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Pakistan’s liquid foreign reserves stands at $21,550.5 million

KARACHI: (APP) The total liquid foreign reserves held by the country stood at US$ 21,550.5 million on 31 March 2017, says a statement of the State Bank of Pakistan (SBP) said on Thursday.

It said that the break-up of the foreign reserves position is as under:

i) Foreign reserves held by the SBP: US$ 16,466.1 million

ii) Net foreign reserves held by commercial banks: US$ 5,084.4 million

iii) Total liquid foreign reserves: US$ 21,550.5 million.

During the week ending 31 March 2017, SBP's reserves decreased by US$ 264 million to US$ 16,466 million.

The decrease is mainly attributed to external debt servicing and other official payments, the SBP statement added.