SBP reserves fall by $266mn

"KARACHI" Foreign exchange reserves held by the State Bank of Pakistan  decreased by $266 million to $10.9 billion: reported by Offical News:

                                                  
"According to the central Bank’s statistics; the total liquid foreign reserves held by the country stood at $ 16.7billion in the previous week".

The decrease was attributed to the government’s external debt repayments of $301 million.

{Giving a break up of the foreign reserves position- it said that commercial banks currently hold on  reserves of upto $6.6 billion}.                                                                                                                                                                                                            
Earlier on June 4; Pakistan’s foreign reserves had witnessed a decline of United States Dollar  1,712 million during the week ended on May 29.

According to the central Bank’s statistics; the total liquid foreign reserves held by the country had stood at US$ 16,920.1 million on 29 May.

Giving a break up of the foreign reserves position; it had said that the reserves held by the State Bank of Pakistan stood at $10,362.1 million while commercial banks held reserves of upto $ 6,558 million on it that!!!