Forex reserves decline

Last Updated on Tuesday, 30 November 1999 05:00 Written by Shumaila Ahmed Friday, 21 December 2012 09:59

KARACHI: The foreign exchange reserves have declined by $166 million to $13.208 billion during the week ended December 20 from $13.374 billion in the previous week, according to the State Bank of Pakistan (SBP) on Thursday.

A latest break-up of the foreign exchange reserves showed that reserves held by the central bank increased by $73 million to $8.587 billion against $8.514 billion a week ago.

Net foreign exchange reserves held by commercial banks amounted to $4.621 billion as of December 20 as compared to $4.860 billion last week, it added.