Friday 26 August 2011

Pakistan's forex reserves ease to $17.96bln

KARACHI: Pakistan's foreign exchange reserves fell to $17.96 billion in the week ending Aug. 20, from $18.04 billion the previous week, due to scheduled debt repayments, an official at State Bank of Pakistan (SBP) said on Thursday.


Reserves held by the SBP fell to $14.50 billion from $14.55 billion a week ago, while those held by commercial banks eased to $3.46 billion from $3.49 billion, said SBP chief spokesman Syed Wasimuddin.


Foreign exchange reserves hit a record $18.31 billion in the week ending July 30.


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