Foreign reserves shrink by another $94.3mn

LAHORE: Foreign reserves held by the State Bank of Pakistan (SBP) decreased by $94.3 million to $17,545.5 million during the week ended April 13, SBP data revealed.

The total liquid foreign reserves held by the country stood at $17,545.5 million. Foreign reserves held by the central bank amount to $11,379.6 million, whereas net foreign reserves held by commercial banks are valued at $6,165.9 million.

During the week ending April 13, 2018, SBP’s reserves decreased by $58 million to $11,546 million, due to external debt servicing and other official payments.

Must Read

Facebook, Nvidia ask US Supreme Court to spare them from securities...

The U.S. Supreme Court is set to consider bids by two tech giants Meta's  Facebook and Nvidia to fend off federal securities fraud lawsuits in separate cases...