Pakistan Forex reserves declined by 40.1 million

Posted on May 8, 2009

KARACHI: The foreign reserves of the country after registering 40.1 million dollars slide during one week now stand at 11.10 billion dollars. According to the Wasimuddin, spokesman State Bank of Pakistan, the central bank holds foreign reserves amounting to 7.75 billion dollars while the 3.35 billion are with the commercial banks. The above decline is being attributed to the decrease in country’s exports.

Tags: billion dollars, commercial banks, export, foreign reserves, million dollars, State Bank of Pakistan, Wasimuddin