The country''s forex reserves continue to decline witnessing a fall of some $75 million during last week. According to the State Bank of Pakistan (SBP), the total liquid foreign exchange reserves held by the country stood at $13.501 billion on November 30, 2012 compared to $13.576 billion as on November 23, 2012, depicting a decline of $75 million.

The decline was registered in the reserves held by the State Bank, while banks'' reserves are moving upward. Reserves held by the central bank narrowed down by $154.7 million to $8.705 billion during the period under review, while banks'' reserves surged by $79.9 million to $4.795 billion as on November 30, 2012.

Copyright Business Recorder, 2012