Forex reserves slide to $18.828bln

KARACHI: Pakistan’s foreign exchange reserves amounted to $18.828 billion on February 16, down $140 million, or 0.73 percent, from a week ago, the central bank reported on Thursday.

The reserves held by the State Bank of Pakistan (SBP) dropped $130 million to $12.704 billion on account of external debt servicing and other official payments.

The foreign exchange reserves of commercial banks fell to $6.125 billion from $6.134 billion a week ago.