Pak foreign exchange reserves reach $17.90b

According to the State Bank of Pakistan (SBP), reserves held by the SBP fell to $14.45 billion from $14.50 billion in the earlier week, while those held by commercial banks eased to $3.45 billion from $3.46 billion, according to the State Bank of Pakistan.Foreign exchange reserves hit a record $18.31 billion in the week ending July 30 but have eased since then due to scheduled debt repayments.The reserves were boosted in June by inflows of $411 million, including a loan of $191.9 million from the World Bank, and another loan of $196.8 million from the Asian Development Bank.