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Pakistan’s liquid foreign reserves down: SBP

KARACHI: The State Bank of Pakistan (SBP) on Thursday announced that the total liquid foreign reserves held by the country stood at US$20,787.8 million on April 29, 2016.

The break-up of the foreign reserves position is following: foreign reserves held by SBP stood at US$ 15,904.8 million, net foreign reserves held by commercial banks remained US$ 4,883.0 million and total liquid foreign reserves stood at 20,787.8 million.

During the week ending 29April2016, SBP’s Liquid FX Reserves decreased by US$84 million to US$15,905 million, compared to US$15,989 million in the previous week, added the central bank.