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Forex reserves down to $14.243b

Updated at: 1903 PST, Thursday, September 10, 2009 KARACHI: The country’s foreign exchange reserves have downscaled to $14.243 billion with the decrease of $64 million, data released by the State Bank of Pakistan shows Thursday. The reserves held by the SBP witnessed a decrease of $52.6 million to go down to $10.73 billion on the week ending on September 5. The reserves held by the banks other than SBP recorded a decrease of $10.6 million to climbed down at $3.504 billion.The experts said the national forex reserves shrank owing to the payments of international loans.
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