KARACHI: The foreign exchange reserves held by the State Bank of Pakistan(SBP) fell by $305 million compared with $13,415.5 million in the previousweek.

According to the data released by the central bank, net reserves held bythe SBP stood at $13,110 million.

The overall liquid foreign exchange reserves held by the country stood at$20.24 billion, including $7,130.9 million forex holdings of the commercialbanks.

Earlier on November 12, the foreign exchange reserves held by the StateBank of Pakistan (SBP) had increased by $558 million to $12.74 billionduring the week ended on 6th of November.

According to the data released by the central bank, net reserves held bythe SBP had stood at $12.74 billion. “The increase in reserves is mainlyattributed to the receipt of $500 million as GOP loan proceeds,” SBP hadsaid.