SBP reserves fall $83mn to $13.2bn.

The foreign exchange reserves held by the central bank declined 0.62 percent on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On December 18, the foreign currency reserves held by the SBP were recorded at $13,216.2 million, down $83 million compared with $13,298.8 million in the previous week.

According to the central bank, the fall came on the back of external debt repayments. Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,313.1 million. Net reserves held by banks amounted to $7,096.9 million.

Pakistan received the first loan tranche of $991.4 million from the...