Pakistan foreign reserves decrease due external debt payment

Pakistan foreign reserves decrease due external debt payment
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ISLAMABAD: The country's total liquid foreign reserves held by the country stood at US$20.383 billion on December 15, as compared to the total reserves of $20.68 billion a week earlier.

The decrease in reserves was due to payments on account of external debt servicing and other official outflows, a statement issued by the State Bank of Pakistan (SBP) Thursday said.

According to break-up of foreign reserves position, the foreign reserves held by the SBP witnessed a slight decrease of $334 million to $14,332.2  million in the current week. While net foreign reserves held by commercial banks increased to $6.05 billion  million in current week from $6.02 billion in previous week.

 

 

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