Foreign exchange reserves down by $300 million on debt repayment

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KARACHI: The liquid foreign exchange reserves of the country declined by $300 million to $16.069 billion by week ended September 7, 2018 as compared with $16.369 billion a week ago, State Bank of Pakistan (SBP) said on Thursday.

Reserves held by the central bank declined by $261 million to $9.624 billion by week ended September 7, 2018 as compared with $9.885 billion. The SBP said reserves were declined due to external debt repayment.
The reserves held by commercial banks also declined by $39 million to $6.445 billion from $6.484 billion.

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