The country's total liquid foreign exchange reserves fell slightly $35 million during the last week owing to external debt payment. According to State Bank of Pakistan (SBP) weekly report issued on Thursday, the country's total foreign exchange reserves stood at $20.154 billion as on December 29, 2017 compared to $20.189 billion as on December 22, 2017. During the period under review, SBP's reserves declined $26.6 million to $14.108 billion end of last week down from $14.133 billion a week earlier.

SBP's foreign exchange reserves were declined due to payments on account of external debt servicing. Similarly, reserves held by the banks fell $8.1 million to $6.047 billion end of the last week.

Copyright Business Recorder, 2018