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Pakistan forex reserves stands at $8.049bn

Karachi: The total liquid foreign reserves of the country stand at $8.049 billion, according to State Bank of Pakistan (SBP).

The foreign reserves held by State Bank amounted $3.245 billion and the net foreign reserves held by banks other than SBP figured $4.804 billion.

During the week ending Jan 3, 2014, SBP's liquid foreign exchange reserves decreased by $412 million to $3.245 million compared to $3.657 million in the previous week.

The decrease in the Central Bank reserves is partly attributed to the payments of $160 million on account of external debt servicing.

The International Monetary Fund (IMF) was paid $109 million as 26th installment of SBA, and other official payments from its reserves during the week.

During the week, there was no significant inflow from multilateral and bilateral sources.

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