The country's total liquid foreign exchange reserves fell by $255 million during last week following payment to the IMF. According to weekly forex report issued by State Bank of Pakistan (SBP) on Thursday Pakistan's total liquid foreign exchange reserves stood at $17.494 billion as on May 22, 2015 compared to $17.749 billion on May 15, 2015.
During the week under review, SBP's liquid forex reserves decreased by $228 million to $12.284 billion, compared to $12.512 billion last week. During the week, the SBP made payment of $136 million to the IMF as the last instalment under the SBA. In addition, reserves held by banks posted a slight decline of $27 million to $5.210 billion at the end of last week.