KARACHI, July fl: Foreign reserves fell to 346 million dollar in June from 388 million dollar in May and 917 million dollar tn June 1992, State (central) Bank of Pakistan figures showed, reports Reuter.

The bank also had gold coin and bullion worth 632 million dollar In June. down from 637 million dollar tn May and compared with 705 million dollar in June 1992.

The bank gave no reason for the fall, one banker said reserves fell because of year-end (fiscal 1992/93 July-June) payments and a higher Import bill. The Import figures are to be released next week.

The fall was partly due to withdrawals from foreign currency accounts amid political uncertainty because of a power struggle between President Ghulam Ishaq Khan and Prime Minister Nawaz Sharif, said an official of the Chamber of Commerce and Industry.

The reserves Included 209 million dollar held abroad 4.8 million dollar special drawing rights held with the International Monetary Fund and 132 million dollar foreign exchange within the country.