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Reserves drop by $245.4m

By Our Staff Reporter 2017-04-07
KARACHI: Pakistan`s totalliquidforeignexchange reserves amounted to $21.5 billion on March 31, down $245.4 million or 1.12 per cent from a week ago, the State Bank of Pakistan (SBP) said on Thursday.The SBP`s reserves decreased $264m to $16.4m.

The decrease is mainly attributed to external debt servicing and other official payments.

Net foreign exchange reserves held by commercial banks amounted to $5bn on March 31, slightly up from the preceding week.The SBP`s reserves decreased $264m to $16.4m.

The decrease is mainly attributed to external debt servicing and other official payments.

Net foreign exchange reserves held by commercial banks amounted to $5bn on March 31, slightly up from the preceding week.