Pakistan Forex reserves lower to $14.46bn

Lahore, Pakistan : Foreign exchange reserves of Pakistan eased to $14.46 billion in the week on Oct. 10, the State Bank of Pakistan (SBP) said on Thursday.
Reserves held by the SBP fell to $10.89 billion from $11.17 billion a week earlier, while those held by commercial banks were at $3.57 billion compared with $3.58 billion a week earlier, the SBP said in a statement.
Foreign reserves hit a record high of $16.5 billion in October 2007 but fell steadily to $6.6 billion by November last year, largely because of a soaring import bill.

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Pakistan Forex reserves lower to $14.46bn was first posted on October 16, 2009 at 7:21 am.