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Pakistan s Foreign Reserves feel the heat of foreign debt repayments

Pakistan s Foreign Reserves feel the heat of foreign debt repayments

KARACHI: The total liquid foreign reserves held by the country stood at US$ 19,672.0 million on October 6, an announcement 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$ 13,787.9 million

ii) Net foreign reserves held by commercial banks: US$ 5,884.1 million

iii) Total liquid foreign reserves: US$ 19,672.0 million during the week ending 06 October 2017, SBP’s reserves decreased by US$ 69 million to US$ 13,788 million, due to payments on account of external debt servicing, it was further pointed out.