Pakistan Foreign Exchange Reserves falls further


KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) continued to remain on the path of downward spiral for the fourth consecutive week.

The SBP reserves decreased 1.95% on a weekly basis, according to data released by the central bank on Thursday.

On October 6, the foreign currency reserves held by the central bank were recorded at $13,787.9 million, down $69.1 million or 0.50% compared to $13,857 million in the previous week, said the central bank.

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