Wednesday June 29, 2022

Forex reserves fall to $16.6bn

By Our Correspondent
April 29, 2022

KARACHI: Pakistan’s foreign exchange reserves fell by $377 million or 2.2 percent in the week ended on April 23, the central bank said on Thursday.

The total liquid foreign reserves held by the country stood at $16.668 billion, compared with $17.045 billion in the previous month.

The reserves held by the State Bank of Pakistan decreased by $328 million to $10.558 billion on external debt and other payments, the SBP said in a statement.

The reserves of commercial banks inched down 0.8 percent to $6.110 billion.