Reserves

Published May 18, 2007

KARACHI, May 17: Pakistan's foreign exchange reserves rose by $49.8 million to a record $13,782.8 million in the week ending May 12, the central bank said on Thursday. According to the break-up, out of this central bank held $11,601 million while $2,181.8 million were held by other banks.

Pakistan's foreign exchange reserves have grown steadily over the past few months because of rising foreign investment inflows and higher remittances from Pakistanis abroad.—Agencies

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