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Pakistan foreign exchange reserves decline further: Report

Pakistan foreign exchange reserves decline further: Report

KARACHI – Pakistan Foreign exchange reserves register yet another decline.

Reserves dropped by US$100 million to US$8.308 billion on Thursday.

Overall Pakistan’s foreign exchange reserves reached US$14.852 billion withreserves at other banks remaining unchanged at US$6.544 billion.

On September 13, Pakistan’s foreign exchange reserves had dropped by US$300million.

As per the details, the country’s foreign exchange reserves stood around$16.070 billion, whereas, the central bank’s reserves declined $261 millionto $9.624 billion.

The foreign exchange reserves held by other banks have also droped by $39million to $6.446 billion.