Foreign reserves dip down to $16.652 billion

LAHORE: During the week ending May 18, 2018, foreign exchange reserves held by the State Bank of Pakistan (SBP) shrunk by $479 million to $10,320 million, due to payments on account of external debt servicing, SBP data released here on Thursday revealed.

The total liquid foreign reserves held by the country stood at $16,652.2 million as of May 18, 2018. Foreign reserves held by the central bank amount to $10,320.2 million, whereas net foreign reserves held by commercial banks are valued at $6,332.0 million.