Forex reserves slightly surge

KARACHI: The foreign exchange reserves of the country registered a growth of dollars 3.5 million to dollars 17.031 billion as on Nov 11.

The forex reserves were counted at dollars 17.028 billion on November 4, the Central Bank statement showed on Thursday.

According to its statement, the foreign exchange reserves held by the Central Bank 13.269 billion and that held by other banks were dollars 3.76 billion during the week under observation.

"Slight surge is due to remittances received from abroad," said an official of SBP.