KARACHI: Pakistan’s foreign exchange reserves dropped 0.81 percent, or $116 million in the week ended November 2, the central bank reported on Thursday.
Total reserves of the country stood at $14.068 billion, compared with $14.184 billion recorded in the previous week. Reserves held by the State Bank of Pakistan decreased $98 million to $7.679 billion.
The central bank’s reserves were weighed down by external debt servicing.
The reserves of commercial banks fell to $6.389 billion, compared with $6.407 billion in the preceding week, SBP data stated.
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Prime Minister personally promises to ensure that our bureaucracy does not play tricks with them
