Friday, April 17, 2009

Pakistan's forex reserves rise to $11.22 bln: Reuters

KARACHI, April 16 (Reuters) - Pakistan's foreign exchange reserves rose by $50 million to $11.22 billion in the week ended April 11, the central bank said on Thursday.

The State Bank of Pakistan's reserves rose to $7.86 billion from $7.80 billion a week earlier while reserves held by commercial banks marginally fell to $3.36 billion from $3.37 billion, the bank said.

Pakistan recently received $500 million from the World Bank and $848 million from the International Monetary Fund, which was reflected in the data last week.

For more on this article, please click on the following link: Pakistan's forex reserves rise to $11.22 bln: Reuters

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