Forex reserves fall to $17.948 billion

KARACHI: The foreign exchange reserves of the country fell to $17.948 billion during the week ended March 22 from $18.079 billion a week ago, the central bank said on Thursday.

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $168 million.

The State Bank of Pakistan’s forex reserves stood at $11.776 billion as compared to $11.944 billion in the previous week.

The drop in forex reserves was in line with the payments on account of external debt servicing.

The foreign exchange reserves held by commercial banks rose to $6.172 billion against $6.135 billion in the previous week.