Forex reserves fall to $22.98bn

Forex reserves fall to $22.98bn

The reserves of Pakistan foreign exchange have decreased by $64 million during last week, mainly on
account of external payments, the central bank said Thursday.

The liquid forex reserves fell $64 million during the week ended Sept 2 and currently stand at $22.983 billion.

The State Bank of Pakistan (SBP) holds $18.065 billion while the commercial banks have $4.918 billion in

hand.

The central bank’s reserves have fallen from $18.129 billion to $18.065 billion.

“The State Bank has made payments of $60 million on account of external debt servicing,” the statement remarked.

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