Foreign exchange reserves fell to $16.80 billion in the week ending January 20 from $16.90 billion in the previous week, the central bank said on Thursday.
Reserves held by the State Bank of Pakistan (SBP) fell to $12.55 billion from $12.69 billion a week earlier while those held by commercial banks rose to $4.25 billion compared with $4.21 billion the previous week.
Foreign exchange reserves hit a record $18.31 billion in the week ending July 30 last year but have since eased due to debt repayments.
Reserves were boosted in June last year by inflows of $411 million, including a $191.9 million loan from the World Bank and a $196.8 million loan from the Asian Development Bank.
Published in The Express Tribune, January 27th, 2012.
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