Forex reserves down to $21.568bln

KARACHI: The foreign exchange reserves of the country declined $176 million to $21.568 billion by the week ended April 14 as against $21.744 billion in the preceding week, the central bank said on Thursday.  The State Bank of Pakistan’s (SBP) foreign exchange reserves decreased $272 million to $16.416 billion during the week under review as against $16.688 billion a week ago. However, foreign exchange reserves held by other commercial banks increased $97 million to $5.152 billion from the previous level of $5.055 billion.