close
Friday March 29, 2024

Forex reserves decline

By our correspondents
May 06, 2016

KARACHI: The liquid foreign exchange reserves witnessed nominal fall to $20.787 billion by the week ended April 29 as compared to $20.790 billion in the previous week, the State Bank of Pakistan (SBP) reported on Thursday.

The reserves held by the central bank decreased by $84 million to $15.905 billion as compared to $15.989 billion in the previous week.

However, reserves held by commercial banks increased by $81 million to $4.883 billion as against $$4.801 billion in the previous week ended April 22.