| GEO Business | | Forex reserves flat at $15.05bn | Updated at: 1746 PST, Thursday, April 22, 2010
KARACHI: Pakistan's foreign exchange reserves were flat at $15.05 billion in the week ending on April 17, unchanged from the previous week, the central bank said on Thursday.
Reserves held by the State Bank of Pakistan (SBP) fell to $11.11 billion from $11.16 billion a week earlier, while those held by commercial banks rose to $3.94 billion from $3.89 billion, said the SBP's chief spokesman, Syed Wasimuddin.
Pakistan's foreign reserves hit a record high of $16.5 billion in October 2007 but fell steadily to $6.6 billion by November 2008, largely because of a soaring import bill. |  |
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