Pakistan’s forex reserves down to $23.934 billion

KARACHI: Pakistan’s liquid foreign exchange reserves fell $393 million to $23.934 billion by the week ended October 22, 2021, the central bank said on Thursday.

The foreign exchange reserves of the country stood at $24.327 billion by the week ended October 15, 2021.

The official foreign exchange reserves of the State Bank of Pakistan (SBP) registered a decline of $345 million to $17.147 billion by the week ended October 22, 2021, compared with $17.492 billion a week ago.

The SBP attributed the decline in the foreign exchange reserves to external debt repayment.

The foreign exchange reserves held by commercial banks also fell $48 million to $6.787 billion by the week ended October 22, 2021, compared with $6.835 billion a week ago.