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Business

December 2, 2016

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Forex reserves fall to $23.6bln

Forex reserves fall to $23.6bln

KARACHI: The total liquid foreign exchange reserves of the country decreased $250 million to $23.614 billion during the week ended November 25 as compared to 23.86 billion during the previous week, the central bank reported on Thursday. The forex reserves held by the State Bank of Pakistan (SBP) fell to $18.574 billion from $18.846 billion a week ago. The decline in reserves was on account of external debt servicing and other official payments. The foreign exchange reserves of commercial banks amounted to $5.040 billion against $5.018 billion.

 

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