Wednesday, April 22, 2009
Pakistani forex reserves ease to $10.16 bln
KARACHI, Feb 6 (Reuters) - Pakistan's foreign exchange reserves fell by $50 million to $10.16 billion in the week that ended on Jan. 30, the central bank said on Friday.The State Bank of Pakistan's reserves fell to $6.79 billion from $6.87 billion a week earlier, while reserves held by commercial banks rose to $3.37 billion from $3.34 billion the previous week, the bank said.Pakistan's foreign reserves hit a record high of $16.5 billion in October 2007 but fell to $6.6 billion in November, largely because of a soaring import bill.Pakistan signed a $7.6 billion loan agreement with the International Monetary Fund in November to stave off a balance of payments crisis. It received its first tranche of $3.1 billion that month. (Reporting by Sahar Ahmed;
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