Pakistan’s forex reserves decline to $22.875 billion

Pakistan’s forex reserves decline to $22.875 billion

KARACHI: Pakistan’s total liquid foreign exchange reserves have declined by $351 million to $22.875 billion by week ended February 25, 2022.

The foreign exchange reserves of the country were at $23.226 billion a week ago i.e. February 18, 2022, State Bank of Pakistan (SBP) said on Thursday.

The official reserves of the central bank fell by $344 million to $16.462 billion by week ended February 25, 2022 as compared with $16.806 billion a week ago.

The foreign exchange reserves held by commercial banks also eased by $7 million to $6.413 billion by week ended February 25, 2022 as compared with $6.420 billion a week ago.

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