Pakistan foreign exchange reserves decline further

Pakistan foreign exchange reserves decline further
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KARACHI - Pakistan’s foreign exchange reserves have dropped further by US$316 million.

During the week ending on August 31 foreign reserves fell down as against $16.685 billion in the preceding week, the central bank said on Thursday.

The official reserves of the central bank reduced by $341 million to $9.885 billion by week ended August 31 as against $10.226 billion in the preceding week.

The official reserves of the SBP declined on account of external payment.

The commercial banks have stock of foreign exchange at $6.484 billion as against $6.458 billion.

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