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Sunday, January 04, 2015, Poush 21, 1421, Robiul Awal 12, 1436 Hijr

Pak forex reserves dip by 0.57pc
Published : Sunday, 4 January, 2015,  Time : 12:00 AM,  View Count : 7

KARACHI, Jan 3: The foreign exchange reserves held by the State Bank of Pakistan decreased by 0.57 per cent on a weekly basis while total forex reserves held by Pakistan stood at USD 14,944.7 million, down from 15,098.5 million last week.
According to data released by the central bank SBP's liquid foreign exchange reserves decreased by USD 60 million to USD 10,305 million compared to USD 10,365 million in the preceding week on December 26.
The data showed that between December 19 and 26, the SBP made payments of USD 197 million on account of external debt servicing and other official payments, of which USD 139 million was paid to the International Monetary Fund (IMF) under the Stand-by Agreement.
The data showed that overall Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at USD 14,944.7 million while net foreign reserves held by banks amounted to USD 4,639.8 million.    ?PTI

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