KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) further declined by $381 million to $16.945 billion during the week ended on Nov 12, announced the central bank on Thursday.

Since Oct 1, the foreign exchange holdings of the SBP had decreased by $2.224bn.

During the latest week, the reserves of the commercial banks also fell by $95m to $6.605bn while the country’s overall reserves fell by $475m to $23.55bn.

Published in Dawn, November 19th, 2021