Pakistan’s forex reserve declines slightly

Last updated: September 6, 2011

Karachi, Pakistan (BBN)- The country’s  foreign exchange (forex) reserves declined by US$60 million over the course of one week.

Foreign reserves held by the country stood at $17.898 billion for the week ending August 27 this year, according to the State Bank of Pakistan (SBP) statistics.

The SBP’s data shows foreign reserves held by the State Bank stood at $14.447 billion while commercial banks were in possession of $ 3.451 billion.

BBN/SSR/SI-06Sept11-1:44 pm (BST) 

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