The country's foreign exchange reserves further plunged by $181.8 million during the last week. The State Bank of Pakistan on Thursday revealed that the country's liquid forex reserves declined to $16.1087 billion during the week ended August 20, 2010, against $16.2905 billion a week earlier.

The reserves held by the SBP declined by $114.3 million to $12.3486 billion during last. It previously stood at $12.4629 billion on August 13, 2010. Reserves held by bank also show declining trend during the last week as banks' overall forex reserves decreased to $3.7601 billion as compared to $3.8276 billion a week earlier, depicting a decrease of $67.5 million.

Copyright Business Recorder, 2010