Pakistan’s forex reserves rise to over $20.521 billion

ISLAMABAD: The total liquid foreign reserves held by the country stood at 20.52 billion dollars on March 18, 2016, according to State Bank of Pakistan.

Giving the break up of the foreign reserves position a statement of the SBP said that foreign reserves held by the SBP stood at 15.63 billion dollars while net foreign reserves held by banks were 4.89 billion.

The SBP said that during the week ending March 18, 2016, the SBP’s liquid foreign exchange reserves decreased by 229 million dollars 15.63 billion compared to 15.85 billion in the previous week.

The decrease in reserves is mainly attributed to payments of 223 million dollars on account of external debt servicing.