Forex reserves fall to $16.96 billion

KARACHI: Pakistan’s foreign exchange reserves fell to $16.96 billion in the week ending Nov. 18, compared with $17.03 billion in the previous week, the central bank said on Thursday.

Reserves held by the State Bank of Pakistan (SBP) fell to $13.20 billion, compared with $13.27 billion the previous week. Reserves held by commercial banks were flat at $3.76 billion, from the previous week.

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