Foreign Exchange Reserves slipped to $12.85 billion from $12.96 billion.

Pakistan Foreign Exchange reserves slipped down to $12.85 billon in last week the figure was $12.96 billion, As per State Bank Of Pakistan on Thursday. The SBP's reserves fell to $9.36 billion from $9.47 billion a week earlier, although reserves held by commercial banks is still the same it is settled at $3.49 billion

Foreign Exchange Reserve got down lastly due to the import bills in November 2008, although before said period in October, 2007 Foreign Exchange Reserve jumped to its record high and it was at $16.5 billion.

Source: forexkp.com