Forex reserves fall to $23.9bln

Our Correspondent
Friday, Jan 14, 2022

KARACHI: Pakistan’s foreign exchange reserves fell by $117 million or 0.5 percent in the week ended January 07, the State Bank of Pakistan (SBP) said on Thursday.

The forex reserves held by the country stood at $23.901 billion, compared with $24.019 billion in the previous week.

The SBP’s reserves decreased by $88 million to $17.597 billion and the reserves held by commercial banks also saw a decline of 0.5 percent to $6.304 billion.