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 said Thursday. The foreign exchange reserves stood at $17,794.1...
September 15, 2011
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.”
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