FX reserves fall to $22.48 billion

MG News | January 27, 2022 at 08:29 PM GMT+05:00

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January 27, 2022 (MLN): The foreign exchange reserves held by the country dipped by $868 million or 3.7% WoW to stand at $22.48 billion during the week ended on January 21, 2022, compared to $23.35 billion in the previous week, weekly data released by the State Bank of Pakistan (SBP) showed on Thursday.

As per the data, the reserves held by the central bank during the week decreased by $846 million or 5% WoW to $16.19 billion due to external debt and other payments.

Similarly, the reserves of commercial banks dropped slightly by $22 million or 0.3% WoW to $6.29 billion from $6.3 billion in the previous week.

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