KARACHI: The foreign exchange reserves in the country have witnessed a decline of US$ 59 million in the week ending on February 12.
According to data shared by the SBP, the total liquid foreign reserves held by the country stood at US$ 20,058.6 million on February 12 after the decline.
Giving a break-up of the foreign reserves, the central bank said that the reserves held by the State Bank of Pakistan stood at US$ 12,889.7 million while commercial banks held US$7,168.9 million.
Sharing the reason for a decline in the SBP reserves by US$ 59 million to US$ 12,889.7 million, the central bank said that it was owing to external debt repayment.
This is the second consecutive week when the SBP reserves had witnessed a decline.
According to a report on February 11, the foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $80 million compared with $13,031 million in the previous week.
According to the data released by the central bank, net reserves held by the SBP stood at $12,949 million.
Overall liquid foreign reserves held by the country stood at US$ 20.07 billion as of February 04, 2021. Net reserves held by banks amounted to $7,124 million.
