Forex reserves fall to $17.639 billion

KARACHI: Pakistan’s foreign exchange reserves fell to $17.639 billion during the week ended April 6 from $17.796 billion a week ago, the central bank said on Thursday.

The forex reserves held by the State Bank of Pakistan (SBP) depleted $164 million to $11.438 billion.

The decline in the State Bank of Pakistan’s reserves was due to external debt servicing and other official payments.

However, the foreign exchange reserves of commercial banks rose to $6.201 billion as compared to $6.194 billion in the previous week.