Pakistan's Liquid Foreign Reserves rise to over US $20.521 billion

ISLAMABAD: The total liquid foreign reserves held by the country stood at US$20,521.5 million on March 18, 2016.

Giving the break-up of the foreign reserves position, a statement of the State Bank of Pakistan (SBP) said that Foreign reserves held by the State Bank of Pakistan stood at US$ 15,630.4 million while net foreign reserves held by banks were US$ 4,891.1 million.

The SBP said that during the week ending March 18,2016, SBP's Liquid FX Reserves decreased by US$229 million to US$15,630 million, compared to US$15,859 million in the previous week.

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