Pakistan's foreign exchange reserves declined by $188.8 million to $12,725.0 million in the week ending on July 29, 2006 the State Bank of Pakistan (SBP) said.

Reserves held by the SBP declined to $10,326.6 million from $10,546.5 million a week earlier, however, those held by commercial banks rose to $2,398.4 million from $2,367.3 million.

Copyright Business Recorder, 2006