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Foreign reserves declines by 0.69% WoW – Alfalah Securities Limited

Karachi: The overall foreign reserves of the country have declined by 0.69% on WoW basis as they have reached to a level of USD 17.028bn on November 4, 2011 against USD 17.146bn on October 28, 2011.

According to Alfalah Securities Limited, reserves held by the SBP have also reduced to USD 13.28bn on November 04, 2011 from USD 13.41bn on October 28, 2011 whereas, the net reserves held by banks (excluding SBP) stood at USD 3.748bn on November 04 from USD 3.7mn on October 28, 2011.

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