Forex reserves fall

Published May 16, 2008

KARACHI, May 15: Pakistan’s foreign reserves fell by $49 million to $12.207 billion in the week that ended on May 10, the central bank said on Thursday.

Reserves held by the State Bank of Pakistan fell to $9.874 billion from $9.926 billion a week earlier, while those held by commercial banks rose marginally to $2.360 billion from $2.330 billion.—Reuters