Pakistan’s foreign exchange reserves drop to $23.35 bn

Pakistan’s foreign exchange reserves drop to $23.35 bn

KARACHI: Pakistan’s liquid foreign exchange reserves dropped by $551 million to $23.35 billion by week ended January 14, 2022, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $23.901 billion by week ended January 07, 2022.

The official foreign exchange reserves of the SBP fell by $562 million to $17.036 billion by week ended January 14, 2022 as compared with $17.598 billion a week ago. The SBP attributed the fall in foreign exchange reserves to external debt and other payments.

The foreign exchange reserves held by commercial banks up by $11 million to $6.314 billion by week ended January 14, 2022 as compared with $6.303 billion a week ago.

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