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Pakistan’s foreign exchange reserves stands at $22,434.9

SAMAA | - Posted: Feb 2, 2017 | Last Updated: 5 years ago
Posted: Feb 2, 2017 | Last Updated: 5 years ago

U.S. dollar notes are seen in this picture illustration

KARACHI: The total liquid foreign reserves held by the country stood at US$ 22,434.9 million on January 27 2017, said a State Bank of Pakistan statement here on Thursday.

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

  1. i) Foreign reserves held by the SBP: US$ 17,593.8 million
  2. ii) Net foreign reserves held by commercial banks: US$ 4,841.1 million

iii) Total liquid foreign reserves: US$ 22,434.9 million.

During the week ending January 27 2017, SBP’s reserves decreased by US$ 790 million to US$ 17,594 million.

The decrease is mainly attributed to external debt servicing, including US$ 500 million loan repayment to State Administration of Foreign Exchange (SAFE), China, it said. –Samaa

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