Forex reserves drop to $21.79bln

KARACHI: Pakistan’s foreign exchange reserves dropped to $21.795 billion during the week ended March 24 as compared to $22.050 billion in the previous week, the central bank said on Thursday.  The reserves held by the State Bank of Pakistan fell $230 million to stand at $16.730 billion. The SBP’s reserves amounted to $16.961 billion a week ago.    Net forex reserves of commercial banks stood at $5.065 billion against $ 5.089 billion registered in the preceding week.