January 12, 2008	Saturday	Muharram 02,1429

KARACHI, Jan 11: Pakistan' foreign exchange reserves fell by $19 million to $15.55 billion in the week that ended on Jan 5, the central bank said on Friday.

Reserves held by the State Bank of Pakistan fell to $13.27 billion from $13.50 billion a week earlier, while those held by commercial banks rose to $2.28 billion from $2.24 billion, it said.

Pakistan's foreign reserves hit an all-time high of $16.39 billion in the week that ended on Nov 10. But they fell because of outflows from the stock market after President Pervez Musharraf imposed emergency rule on Nov 3.

Emergency rule was lifted on Dec 15, but analysts said foreign investment is under pressure due to the tense political situation after the assassination of opposition leader Benazir Bhutto on Dec 27. —Reuters