Foreign exchange reserves decline by $101 million to $14.795 billion

KARACHI: Pakistan’s total foreign exchange reserves declined by $101 million to $14.795 billion by week ended February 15, 2019 as compared with Rs14.895 billion a week ago, State Bank of Pakistan (SBP) said on Thursday.

During the week ending February 15, 2019, the official reserves of SBP were decreased by $163 million to $8.043 billion from $8.206 billion a week ago, due to external debt servicing and other official payments.

The reserves held by commercial banks however increased by $62 million to $6.751 billion as compared with $6.689 billion a week ago.

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