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.