Foreign reserves increase by $125 million during last week

[Naveed Yaseen]

KARACHI: The country’s liquid foreign exchange reserves increased by $125 million during the last week. The State Bank of Pakistan’s statistics on Thursday revealed that overall foreign exchange reserves increased to $10.288 billion on February 7 as compared with $10.163 billion last week. The reserves held by the central bank witnessed a major increase of $124 million to reach $6.916 billion as compared to $6.792 billion during the last week. Reserves held by banks (other than SBP), however, witnessed an increase of just $1 million to reach $3.371 billion as compared with $3.370 billion last week. staff report

http://www.dailytimes.com.pk/default.asp...2009_pg5_7