Pakistan forex reserves down by $1.4 million

Posted on May 15, 2009

KARACHI: The foreign exchange reserves of the country have registered a decline of 1.4 million dollars in the week ended My 9. According to Wasimuddin, spokesman of the State Bank of Pakistan, after the above decrease Pakistan’s foreign reserves now stand at 11.10 billion dollars. Out of the total reserves SBP holds 7.75 billion dollars while 3.53 billion are with the commercial banks.

Tags: commercial banks, foreign exchange, foreign reserves, Pakistan forex reserves, Wasimuddin spokesman