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Tuesday April 23, 2024

Forex reserves fall to $17.228 billion

By Our Correspondent
April 12, 2019

KARACHI: Pakistan's foreign exchange reserves dropped to $17.228 billion during the week ended April 5 from $17.397 billion in the previous week, the central bank said on Thursday.

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell $220 million to $10.271 billion due to external debt servicing and other official payments, it added. The foreign exchange reserves of commercial banks stood at $6.956 billion, compared with $6.905 billion in the previous week.