Thursday, September 16, 2010, Shawwal 06, 1431 A.H  
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 GEO Business

 Forex reserves flat at $16.07bn

 Updated at: 1944 PST,  Thursday, September 16, 2010
 KARACHI: Pakistan's foreign exchange reserves remained unchanged at $16.07 billion for the week ending on Sept. 10, the central bank said on Thursday, holding steady from the previous week.

Reserves held by the State Bank of Pakistan (SBP) fell to $12.34 billion from $12.35 billion, while those held by commercial banks rose to $3.73 billion from $3.72 billion, said Syed Wasimuddin, chief spokesman of the SBP.

Pakistan's forex reserves rose to a record high of $16.77 billion in the week ending on July 2 thanks to foreign inflows worth $750 million received that week.

The previous record high was $16.45 billion in October 2007.
 
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