Sunday May 22, 2022

Forex reserves decline $867 million

January 28, 2022
Forex reserves decline $867 million

KARACHI: Pakistan’s foreign exchange reserves declined by $867 million or 3.7 percent in the week ended January 21, the State Bank of Pakistan (SBP) reported on Thursday.

The forex reserves of the country stood at $22.482 billion, compared with $23.349 billion in the previous week. The reserves held by the SBP decreased by $846 million to $16.190 billion on external debt and other payments, it said in a statement. The reserves of commercial banks also fell to $6.292 billion from $6.314 billion.