Foreign reserves fall to record low of $10.03 billion

LAHORE: During the week ending May 25, 2018, foreign exchange reserves held by the State Bank of Pakistan (SBP) shrunk by $286.4 million to $10.03 billion, down 2.7 per cent, due to payments on account of external debt servicing, SBP data released here on Thursday revealed.

The total liquid foreign reserves held by the country stood at $16.40 billion as of May 25, 2018. Foreign reserves held by the central bank amount to $10.03 billion, whereas net foreign reserves held by commercial banks are valued at $6.37 billion, up $41 million or 0.6 per cent.

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