Forex reserves fall to $6.6bn

Forex reserves fall to $6.6bn

The reserves fell by $ 40 million in the week ended November 22nd to stand at $6.6 billion. The SBP own reserves fell to $3.44 billion from $3.46 billion a week earlier, and reserves held by commercial banks were $3.16 billion compared with $3.18 billion. Earlier SBP received its first tranche of $3.1 billion from IMF and the reserves numbers will show a healthy increase in the figures for the week ended December 4th.