ISLAMABAD – Pakistan’s foreign exchange reserves suffered major decline.
Foreign Exchange Reserves declined further by $560 million during theprevious week.
An announcement of State Bank of Pakistan (SBP) said that due to debt andother repayments the country’s foreign exchange reserves declined to $13.99billion.
It said that with the fresh decline the net foreign exchange reserves heldby the central bank have fell to $7.50 billion.
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The foreign exchange reserves held by commercial banks stood at $6.49billion.
