Pakistans Liquid FX Reserves Continue to Decline
MG News | November 12, 2015 at 06:45 PM GMT+05:00
According to figures released by the Central Bank, The total liquid foreign reserves held by the country stood at US$19,746.30 million on Nov 06, 2015.
| Foreign reserves held by | Amount in $ Million | Change |
|---|---|---|
| State Bank of Pakistan | 14,704.20 | -116.60 |
| Net Foreign Reserves Held by Banks | 5,042.10 | 51.30 |
| Total Liquid Foreign Reserves | 19,746.30 | -65.30 |
According to the SBP the decrease in reserves is mainly attributed to payments of US$108 million on account on external debt servicing.
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