Forex reserves down to $10.501 billion

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KARACHI: Pakistanís foreign exchange reserves went down by $42 million to $10.501 billion during the week ended July 12, 2013 from $10.543 billion a week ago, the central bank reported on Thursday.

The foreign exchange reserves of the State Bank of Pakistan witnessed a fall of 25 million as it stood at $5.521 billion as compared to $5.546 billion during the previous year.Net foreign exchange reserves held by commercial banks slightly declined to $4.980 billion as of July 12 against $4.997 a week ago.

Courtesy: †The News

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