Pakistan''s total liquid foreign reserves have reached below $21 billion owing to external debt servicing. According to State Bank of Pakistan''s (SBP) weekly foreign exchange report issued on Thursday, the country''s total liquid foreign reserves declined $214.3 million to reach $20.791 billion as on May 5, 2017 down from $21.005 billion as on April 28, 2017. The decrease in reserves is attributed to external debt servicing.

During the week under review, SBP''s reserves decreased by $149 million to $15.913 billion compared to $16.062 billion end of previous week. Similarly, with a $65.2 million decline, reserves held by banks stood at $4.878 billion end of the week.

Copyright Business Recorder, 2017