The country's foreign exchange reserves maintained downward journey and further declined by $206 million to reach below $22 billion during last week. According to State Bank of Pakistan's (SBP) weekly report issued Thursday, Pakistan's total liquid foreign exchange reserves decreased to $21.825 billion as on February/ 10, 2017 compared to $22.031 billion as on February/ 3, 2017. The decline has been witnessed due to government of Pakistan's debt payment.
During the week under review, the SBP's liquid forex reserves fell by $224 million to $16.993 billion down from $17.218 billion last week. However, reserves held by banks surged by $18 million to $4.831 billion at the end of the week.
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