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January 12, 2018

Forex reserves fall to $20 billion

Business

January 12, 2018

KARACHI: Country’s foreign exchange reserves fell to $20.020 billion during the week ended on January 5, 2018, State Bank of Pakistan said on Thursday.

The reserves stood at $20.154 billion in previous week. The central bank’s reserves decreased $124 million to $13.982 billion due to external debt servicing and other official payments.

On the other hand, the reserves held by commercial banks stood at $6.037 billion, compared to $6.047 billion a week earlier.

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