KARACHI, Sept 4: Foreign reserves of the country fell to $9.13 billion in the week that ended on Aug 30, from $9.38 billion in the previous week, the central bank said on Thursday.

The State Bank of Pakistan said its reserves fell to $5.76 billion from $6.01 billion previously, while those held by commercial banks were flat at $3.37 billion.

Foreign reserves hit a record high of $16.5 billion in October last year but have since been depleted by high payments for oil imports, and foreign investors withdrawing money because of country’s political uncertainty.

The rupee closed at 76.85/95 to the dollar on Thursday recovering from a record low of 77.45 on Wednesday.—Reuters