External debt servicing hampers country’s foreign reserves position 

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KARACHI: The State Bank of Pakistan (SBP) Thursday said that the total liquid foreign reserves held by the country stood at $18,240.4 million on March 9, 2018.

Foreign reserves held by the SBP stood at $12,125.7 million, while the net foreign reserves held by commercial banks stood at $6,114.7 million. Pakistan’s total liquid foreign reserves were at $18,240.4 million.

Due to external debt servicing and other official payments, SBP’s reserves decreased by $107 million to $12,126 million during the week ending March 9, 2018.