Forex reserves further decline

The country''s forex reserves further declined and stood at 13,814.2 million dollars on November 16, from 13,845.5 million dollars a week earlier. According to data issued on Thursday, the foreign reserves held by the State Bank of Pakistan stood at 9,124.6 million dollars from 9,242.6 million dollars, while the net foreign reserves held by banks (other than SBP) increased to 4,689.6 million dollars against 4,602.9 million dollars a week earlier.