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Forex reserves fall to $14.5b

Forex reserves fall to $14.5b

KARACHI: Pakistan’s foreign exchange reserves decreased to $14.513 billion, from $14.637 billion the previous week, said State Bank of Pakistan (SBP).
According to the SBP report, the reserves held by the SBP stood at $9.486 billion from $9.602 billion the previous week, a decrease of $116 million.
During the week, the State Bank received $22 million from multilateral and bilateral sources.
However, on account of external debt servicing and other payments, SBP made payments of $31 million.
The holdings of the scheduled banks were $5.028bn.