Pakistan’s forex reserves decline to $22.085 billion

Pakistan’s forex reserves decline to $22.085 billion

KARACHI: Pakistan’s liquid foreign exchange reserves declined by $397 million to $22.085 billion by week ended January 28, 2022, the central bank said on Thursday.

The country’s foreign exchange reserves were at $22.482 billion by week ended January 21, 2022, the State Bank of Pakistan (SBP) said.

The official reserves of the central bank also declined by $462 million to $15.728 billion by week ended January 28, 2022 as compared with $16.19 billion a week ago. The SBP attributed the decline to external and other repayments.

The foreign exchange reserves held by commercial banks however increased by $65 million to $6.357 billion by week ended January 28, 2022 as compared with $6.292 billion a week ago.

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