FX reserves fall to $23.35 billion

MG News | January 20, 2022 at 06:56 PM GMT+05:00

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January 20, 2022 (MLN): The foreign exchange reserves held by the country dipped by $551.7 million or 2% WoW to stand at $23.35 billion during the week ended on January 14, 2022, compared to $23.9 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 $562 million or 3% WoW to $17 billion due to external debt and other payments.

On the other hand, the reserves of commercial banks inched up by $10.5 million to $6.31 billion from $6.3 billion in the previous week.

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