ISLAMABAD – Pakistan’s foreign exchange reserves have declined further.
Pakistan reserves on Thursday dropped by US$300 million.
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.
Earlier, on September 6, Pakistan’s foreign exchange reserves had droppedto US$316 million during the week ended August 31 as against $16.685billion in the preceding week, the central bank said.
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The official reserves of the central bank reduced by $341 million to $9.885billion by week ended August 31 as against $10.226 billion in the precedingweek.
The official reserves of the SBP had declined on account of externalpayment.
