KARACHI: Pakistan’s total liquid foreign exchange reserves amounted to over $24 billion on November 11, down 0.24 per cent from a week ago, the State Bank of Pakistan (SBP) said on Thursday.

According to a statement by the SBP, the decrease in reserves was mainly due to payments on account of external debt servicing.

SBP’s reserves decreased 0.25pc week-on-week to $19bn. Net foreign exchange reserves held by commercial banks amounted to $5bn on Nov 11, registering a nominal increase over the preceding week.

 

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