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Thursday April 25, 2024

Forex reserves fall to $17.130bln

By Our Correspondent
April 27, 2018

KARACHI: Pakistan’s foreign exchange reserves fell to $17.130 billion during the week ended April 20 from $17.545 billion a week ago, the central bank reported on Thursday.

The foreign exchange reserves held by the State Bank of Pakistan (SBP) dropped to $10.917 billion as compared to $11.379 billion.

The decrease in the central bank’s forex reserves was attributed to external debt servicing and other official payments. The forex reserves of commercial banks rose to $6.213 billion as compared to $6.165 billion in the previous week.