RECORDER REPORT

KARACHI: The country’s liquid foreign reserves declined slightly $59.3 million during the last week due to external debt servicing.

The State Bank of Pakistan (SBP) on Thursday reported that the country’s totaled foreign reserves were declined to $19.843 billion as on October 27, 2017, compared to $19.902 billion as on October 20, 2017.

During the week under review, SBP’s reserves decreased by $95 million to stood at $13.847 billion down from $13.847 billion due to external debt servicing and other official payments. Similarly, reserves held by banks posted an increase of $35.6 million to $5.996 billion as on October 27, 2017 compared to $5.961 billion a week earlier.