Forex reserves fall by $227mln

KARACHI: The foreign exchange reserves of the country have come down by $227 million to $20.275 billion by week ended January 29, 2016, State Bank of Pakistan (SBP) said .

Reserves held by the central bank decreased by $212 million to $15.435 billion, compared to $15.647 billion in the previous week.  The reserves held by commercial banks also fell by $15 million to $4.84 billion from previous week’s level of $4.855 billion.