Foreign reserves fall to $13.489 billion

KARACHI, January 17 (Online): Pakistan’s foreign exchange reserves dropped 0.86 per cent, or $100.80 million, during the week ended on January 11, the central bank reported on Thursday.
On January 11, the total liquid foreign reserves held by the Pakistani banks were recorded at $13,489.2 compared with $13.597 billion in the previous week, according to data released by the State Bank of Pakistan (SBP).
The foreign currency reserves held by the State Bank of Pakistan declined $148 million to $6.901 billion, due to external debt servicing and other official payments, the central bank said in a statement.
However, the foreign exchange reserves held by commercial banks increased to $6.588 billion from $6.548 billion in the preceding week.