Forex reserves fall to $14.794 billion

February 22,2019

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KARACHI: Pakistan’s foreign exchange reserves fell to $14.794 billion during the week ended February 15, compared with $14.895 billion in the previous week, the central bank reported on Thursday.

The forex reserves held by the State Bank of Pakistan (SBP) dropped $163 million to $8.043 billion. The decline in the forex reserves is due to external debt servicing and other official payments. The foreign currency reserves of commercial banks increased to $6.751 billion from $6.689 billion.


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