Reserves

Published March 14, 2008

KARACHI, March 13: Pakistan’s foreign exchange reserves rose by $79 million to $14.142 billion in the week that ended on March 8, the central bank said on Thursday.

Reserves held by the State Bank of Pakistan rose to $12.030 billion from $11.924 billion a week earlier, however those held by commercial banks dipped to $2.112 billion from $2.139 billion.

Foreign exchange reserves hit an all-time high of $16.486 billion on October 31, 2007. After the general elections last month, foreign exchange inflows have started steadying.—Reuters

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