Pakistan''s foreign reserves decline by $14.39 million

The country''s liquid foreign reserves have declined by 14.39 million dollar during a week. According to the State Bank of Pakistan overall foreign reserves stood at 16.557 million dollar as on July 23, 2010, as compared to 16.701 million dollar on July 16, 2010.
The major decline has registered in SBP reserve, which reduced by 9.12 million dollar to 12.76 million dollar on July 23, as compared to 12.85 million a week earlier. While, reserves held by bank has posted a decline of 5.27 million dollar to 3.79 million dollar.