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.
Copyright Business Recorder, 2017
No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indirectly in any medium.
Business Recorder shall not be responsible or held liable for any error of fact, opinion or recommendation and also for any loss, financial or otherwise, resulting from business or trade or speculation conducted, or investments made, on the basis of the information posted here. Nor shall Business Recorder be held liable for any actions taken in consequence." >Copyright Business Recorder, 2017
No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indirectly in any medium.
Business Recorder shall not be responsible or held liable for any error of fact, opinion or recommendation and also for any loss, financial or otherwise, resulting from business or trade or speculation conducted, or investments made, on the basis of the information posted here. Nor shall Business Recorder be held liable for any actions taken in consequence." >Copyright Business Recorder, 2017