Foreign exchange reserves increase by $83 million

[LahoreEstate]

KARACHI: The country’s liquid foreign exchange reserves surged by $83 million during the last week. The State Bank of Pakistan’s statistics showed on Thursday that overall foreign reserves increased to $10.371 billion on February 14, 2009, as compared with $10.288 billion last week. According to the released figures the reserves held by banks other than SBP witnessed an increase of $92 million to reach $3.463 billion as compared to $3.371 billion during the last week. However, the reserves held by the central bank showed a decline, as they dipped to $3.908 billion as compared with $3.916 billion last week. staff report

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