Forex: Reserves rise to record $17.95b

Foreign exchange reserves rose to a record $17.95 billion.


Reuters April 01, 2011

KARACHI:


Foreign exchange reserves rose to a record $17.95 billion in the week ended March 26, from $17.50 billion the previous week, according to a senior central bank official on Thursday.


Reserves held by the State Bank of Pakistan rose to $14.54 billion from $14.09 billion a week ago, while those held by commercial banks were flat at $3.41 billion, said SBP chief spokesman Syed Wasimuddin.

Published in The Express Tribune, April 1st, 2011.

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