Forex reserves little lower

KARACHI: Pakistan's foreign exchange reserves have eased by $270 million to come down at $17.79 billion, State Bank of Pakistan (SBP) said Thursday.

The foreign exchange reserves stood at $17,794.1 million on September 10 as compared to $18,06 billion on September 03, the statement issued said.

The break-up further showed that the reserves held by SBP were $14.34 billion and commercial banks $3.453 billion.

An expert said, "Routine debt servicing is the main cause of the drop in reserves.”