KARACHI: The country’s liquid forex reserves fell by $149 million during last week. According to State Bank of Pakistan’s weekly reserves report, the country’s total liquid reserves declined to $8.168 billion as on January 17, 2014 down from $8.317 billion on January 10, 2014. Over the past, the central bank’s liquid forex reserves decreased by $145 million to $3.322 billion from $3.467 billion.
The decrease in the central bank reserves has been partly attributed to $59 million paid on account of external debt servicing and other official payments. During the week, there was no significant inflow from multilateral and bilateral sources. Similarly, reserves held by banks witnessed a declined of $4 million to $4.85 billion at end of the week.
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