Foreign exchange reserves fell to $16.34 billion in the week ended March 2, compared with $16.42 billion in the previous week, the central bank said on Thursday. Reserves held by the State Bank of Pakistan (SBP) fell to $11.90 billion from $12.06 billion a week earlier, while those held by commercial banks rose to $4.44 billion, compared with $4.36 billion the previous week. "The decrease in SBP's forex reserves are due to scheduled debt repayments," said Syed Wasimuddin, chief spokesman of the central bank.
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Tuesday, 21 May, 2013
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June 01, 2012Forex reserves fall to $16b
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Forex reserves fall to $16.34 bln
March 08, 2012, 5:50 pm
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