Markets

Forex reserves slightly surge

Published November 17, 2011 Updated November 17, 2011 01:42pm

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.

Copyright APP (Associated Press of Pakistan), 2011