SBP’s forex reserves depletes by $265 million to $6.636 billion

KARACHI: Liquid foreign exchange reserves of State Bank of Pakistan (SBP) have depleted by $265 million to $6.636 billion by week ended January 18, 2019 as compared with $6.901 billion a week ago, the central bank said on Thursday.

 

 

 

The SBP said that the forex reserves decreased due to external debt servicing and other official payments.

The total reserves of the country fell by $232 million to $13.257 billion by week ended January 18, 2018 as compared with $13.489 billion a week ago.

However, reserves held by commercial banks increased by $33 million to $6.621 billion as compared with $6.588 billion.

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