Pakistans forex reserves drop by 109 milli

KARACHI: The total liquid foreign exchange reserves held by Pakistan have declined by 109 million dollars to 20.50 billion, said State Bank of Pakistan (SBP) on Thursday.’SBP’s weekly statement here on Thursday said that the foreign reserves held by State Bank on January 22 were dollars 15.65 billion and the net foreign reserves with other banks stood at dollars 4.855 billion.’During the week ending Jan. 22 SBP’s liquid foreign reserves decreased by 105 million to 15.647 billion compared to 15.752 billion in the previous week.’Over the week SBP made payments of dollars 109 million on account of the external debt servicing.