KARACHI: Pakistan’s foreign exchange reserves declined to $18.508 billion during the week ended August 21 as compared to $18.655 billion in the previous week, the central bank reported on Thursday. Foreign reserves held by the State Bank of Pakistan (SBP) fell $157 million to $13.458 billion as against $13.615 billion
By our correspondents
August 28, 2015
KARACHI: Pakistan’s foreign exchange reserves declined to $18.508 billion during the week ended August 21 as compared to $18.655 billion in the previous week, the central bank reported on Thursday. Foreign reserves held by the State Bank of Pakistan (SBP) fell $157 million to $13.458 billion as against $13.615 billion a week ago. The decrease in the SBP’s reserves is stemmed from debt repayments to the international creditors. The State Bank of Pakistan made payments of $94 million on account of external debt servicing. Foreign currency reserves of commercial banks amounted to $5.05 billion from $5.03 billion last week.