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KARACHI, Sept 11: The country’s foreign exchange reserves fell to $9.10 billion in the week that ended on Sept 6, from $9.13 billion in the previous week, the State Bank of Pakistan said on Thursday.
The central bank said its own reserves fell to $5.72 billion from $5.76 billion previously, while those held by commercial banks rose to $3.38 billion from $3.37 billion.
The country’s forex stocks hit a record high of $16.5 billion in October last year but have been depleted due to a soaring oil import bill, and a retreat by foreign investors in the face of mounting political uncertainty.—Reuters
