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Forex reserves drop to $22.978bln

Forex reserves drop to $22.978bln

KARACHI: Pakistan’s foreign exchange reserves inched down to $22.978 billion during the week ended July 29, compared with $22.996 billion in previous week, the central bank reported on Thursday.

The foreign exchange reserves held by the State Bank of Pakistan (SBP) stood at $18.061 billion, showing an increase of $24 million. The SBP’s reserves amounted to $18.037 billion a week earlier. The forex reserves of commercial banks fell to $4.918 billion from $4.959 billion last week.

Courtesy : TheNews



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