Forex reserves fall to $19.640bln

KARACHI: Pakistan’s foreign exchange reserves fell to $19.640 billion during the week ended January 19 from $19.771 billion a week ago, the State Bank of Pakistan reported on Thursday.

The reserves held by the central bank decreased by $166 million to $13.533 billion. The decline in the SBP’s foreign currency reserves was attributed to external debt servicing and other official payments.

The forex reserves held by commercial banks increased to $6.107 billion from $6.072 billion in the previous week, the SBP said.