Times of Islamabad

Pakistan Foreign Exchange Reserves suffer yet another significant decline

Pakistan Foreign Exchange Reserves suffer yet another significant decline

ISLAMABAD – Pakistan Foreign Exchange Reserves have suffered yet anotherdecline, it has been revealed.

The total liquid foreign reserves held by the country stood at $13.7billion on December 7, 2018.

According to a statement issued by the central bank, the country’s foreignreserves held by the State Bank of Pakistan stood at $7.2 billion, whilenet foreign reserves held by commercial banks stood at $6.4 billion.

During the week under review, SBP’s reserves decreased by $242 million to$7.2 billion owing to external debt servicing and other official payments.