Forex reserves fall $4 million

01 Jul, 2016

The country's total liquid foreign reserves fell slightly $4 million during the last week. According to the State Bank Pakistan (SBP) weekly report issued on Thursday, the country's total liquid foreign reserves stood at $21.766 billion as on June 24, 2016 declined from all time high level of $21.77 billion as on June 17, 2016. During the week under review, SBP's liquid FX reserves increased by $4 million to $16.820 billion compared to $16.816 billion in the previous week. However, reserves held by banks fell $8.8 million to $4.946 billion end of last week.

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