| GEO Business|
| Forex reserves climb to $11.770 bln|
| Updated at: 2325 PST, Thursday, June 25, 2009|
KARACHI: Pakistan's total liquid foreign exchange reserves have surged by $ 127 million to more than $ 11.770 billion this week.
According to weekly report of State Bank of Pakistan here Thursday, the foreign exchange reserves held by the Central Bank were estimated at $ 8.452 billion on June 20, while reserves held by the banks stood at about $ 3.318 billion.
Load-shedding up to 4 hours is being undertaken in cities while rural areas have to bear 7 to 8 hour power outages every day.