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BUSINESS ECONOMY NEWS

SBP RESERVES FALL $846MN TO $16.2BN

KARACHI: The foreign exchange reserves held by the central bank fell 846 million during the week ending on January 21, according to the data released by the State Bank of Pakistan (SBP) on Thursday.

Sharing a break-up of the foreign reserves position, the central bank said that foreign currency reserves held by the SBP were recorded at $16.2bn, down $846mn.

Last week, SBP-held foreign exchange reserves were down $562 million, taking the cumulative fall to over $1.4 billion.