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Forex reserves fall 0.14pc to $14.841 billion in Pakistan

Written by | September 27, 2012 | 0

Karachi, Pakistan: Pakistan’s foreign exchange reserves dropped to $14.841 billion in the week ending Sept 21, from $14.863 billion the previous week, the central bank said on Thursday. According to a press release issued by State Bank of Pakistan (SBP) on Thursday, foreign reserves held by the State Bank of Pakistan equal $10,321.8 million while net foreign reserves held by banks (other than SBP) stood at $4,519.7 million. 

Pakistan’s reserves have been reduced by debt repayments in August on a $397.2 million loan from the International Monetary Fund, the central bank said on Thursday. 
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