Pakistan foreign reserves fall to $12.805 bln

BusinessPakistan foreign reserves fall to $12.805 bln

KARACHI: Pakistan’s foreign exchange reserves fell to $12.805 billion in a week from $13.185 billion last week, State Bank of Pakistan (SBP) said on Thursday.

In a statement, the central bank said that reserves held by the State Bank stood at $7.861 billion compared with $8.227 billion a week earlier.

The reserves held by commercial banks stood at $4.944 billion in the week ending March 1, 2013 compared with $4.958 billion a week earlier.

DND

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