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Foreign reserves reach $18.5 billion mark

byCustoms Today Report
30/09/2015
in Business
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KARACHI: The country’s total foreign exchange reserves have reached $18,500.8 million ($18.5 billion) on week ended Sept 18.

According to the central bank, the foreign reserves held by the State Bank of Pakistan stood at $13,496.2m, net foreign reserves held by banks are $5,004.6m, thus total liquid foreign reserves reached at $18,500.8m.

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During the week ending 18 September 2015, SBP’s Liquid FX Reserves decreased by $194 million to $13,496 million, compared to $13,690 million in the previous week. Decrease in reserves is on account of external debt servicing during the week.

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