Forex reserves fall $476 million to $23.55 billion

KARACHI: The foreign exchange reserves of Pakistan declined $476 million to $23.55 billion by the week ended November 12, 2021, the central bank reported on Thursday.
The foreign exchange reserves of the country stood at $24.026 billion by the week ended November 5, 2021, according to Topline Research.
The forex reserves with the State Bank of Pakistan (SBP) came down $381 million to $16.945 billion by the week ended November 12, 2021, compared with $17.326 billion in the previous week.
The foreign exchange reserves maintained by commercial banks also fell $95 million to $6.605 billion by the week ended November 12, 2021, compared with $6.7 billion by the week ended November 5, 2021.

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