Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.57% on a weekly basis on December 26, according to a report released by the central bank yesterday.
SBP’s liquid foreign exchange reserves decreased by $60 million to $10,305 million compared to $10,365 million in the preceding week.
Between December 19 and 26, the SBP made payments of $197 million on account of external debt servicing and other official payments, of which $139 million was paid to the International Monetary Fund (IMF) under the Stand-by Agreement.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $14,944.7 million while net foreign reserves held by banks amounted to $4,639.8 million.
“Improved foreign exchange reserves in 2015 will likely stabilise the rupee-dollar parity, which is expected to hover around Rs100-102. “Along with other major inflows, a 30% reduction in oil prices could result in annual savings of $4 billion, which is likely to support external account of the country significantly,” the report added.
 decreased 0.57% weekly on December 26, according to a report released by the central bank yesterday.){kind=link}