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June 13, 2008
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Friday
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Jamadi-us-Sani 08, 1429
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Reserves fall
ISLAMABAD, June 12: The foreign exchange reserves held by the country fell by $224 million to $10.954 billion in the week ended on June 7, said the State Bank of Pakistan on Thursday.
Reserves held by the SBP fell by $297 million to $8.387 billion, while those held by commercial banks rose to $2.567 billion from $2.494 billion.
The reserves hit an all-time high of $16.486 billion on October 31, 2007, but have fallen since then because of political uncertainty.—Reuters
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