Pakistan foreign exchange reserves ease to over $16.88 billion

The total liquid foreign reserves held by the country further declined to $16,884.8 million on November 25, 2011 as compared to $16,961.4 million on November 18, 2011. The foreign reserves held by the State Bank of Pakistan (SBP) declined to $13,122.4 million on November 25 from $13,202.5 million on November 18 while the net foreign reserves held by the banks (other than SBP) increased to $3,762.4 million on November 25 against $3.758.9 million on November 18.