Forex reserves slightly up

KARACHI: Total liquid foreign exchange reserves held by the country amounted to $23.091 billion as compared to $23.062 billion last week, according to a central bank statement issued on Thursday.  Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $27 million to $18.077 billion during the week ended July 21, as compared to at $18.104 billion a week ago.

The forex reserves held by other commercial banks rose to $5.014 billion from $4.958 billion in the preceding week. The decline in the foreign exchange reserves has been attributed to $63 million external debt repayments made to international lenders.