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Pakistan’s Liquid Foreign Reserves position

byCT Report
22/12/2017
in Business
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KARACHI: The total liquid foreign reserves held by the country stood at US $20,383.4 million on 15 December 2017. This was announced by the State Bank of Pakistan in a statement here on Thursday.

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

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  1. i) Foreign reserves held by SBP: US$ 14,332.2 million
  2. ii) Net foreign reserves held by commercial banks: US$ 6,051.2 million

iii)   Total liquid foreign reserves: US$ 20,383.4 million

During the week ending 15 December 2017, SBP’s reserves decreased by US$ 334 million to US$ 14,332 million. The decrease in reserves is due to payments on account of external debt servicing and other official outflows.

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