Foreign exchange: Reserves ease to $16.9b

Published: January 13, 2012
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Reserves held by the State Bank of Pakistan (SBP) fell to $12.82 billion from $12.88 billion a week earlier  PHOTO: FILE

Reserves held by the State Bank of Pakistan (SBP) fell to $12.82 billion from $12.88 billion a week earlier PHOTO: FILE

KARACHI: 

Foreign exchange reserves eased marginally to $16.90 billion in the week ending January 6, from $16.92 billion the previous week, the central bank said on Thursday.

Reserves held by the State Bank of Pakistan (SBP) fell to $12.82 billion from $12.88 billion a week earlier, while those held by commercial banks rose to $4.08 billion.

Reserves hit a record $18.31 billion in the week ending July 30, but have since eased due to debt repayments.

Published in The Express Tribune, January 13th, 2012.

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