Business Recorder
Forex reserves fall by $176m

Forex reserves fall by $176m


KARACHI: The country’s total liquid foreign exchange reserves declined by $ 176 million during last week.

According to State Bank of Pakistan’s weekly report issued Thursday, the country’s total liquid foreign exchange reserves stood at $21.568 billion as on April 17, 2017 against $ 21.744 billion on April 7, 2017.

During the week under review, the SBP reserves moved down, however banks’ reserves surged slightly. During the week ending April 14, 2017, the SBP’s reserves decreased by $ 272 million to $ 16.416 billion compared to $ 16.688 billion a week earlier.

Reserves held by banks rose by $ 96 million to $ 5.152 billion at the end of last week.

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