Reserves fall

Published July 25, 2008

KARACHI, July 24: Pakistan’s foreign reserves fell $102 million to $10.728 billion in the week that ended on July 19 due to outgoings for import payments, the central bank said on Thursday.According to official data, the State Bank of Pakistan said its reserves fell $175 million to $7.778 billion, while those held by commercial banks rose by $73 million to $2.95 billion from $2.877 billion.—Reuters

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