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Forex reserves decline

RECORDER REPORT KARACHI: The total liquid foreign exchange reserves held by the country stood at $16,961.4 million on
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By Shoaib Ur Rehman
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forexRECORDER REPORT

KARACHI: The total liquid foreign exchange reserves held by the country stood at $16,961.4 million on November 18, 2011 as compared to $17,031.5 million on November 11, 2011.

Foreign exchange reserves held by the State Bank of Pakistan (SBP) declined to $13,202.5 million on November 18 from $13,269.3 million on November 11 while the net foreign exchange reserves held by banks (other than SBP) stood at $3,758.9 million on Nov 18 against $3.762.2 million on Nov 11.

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