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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Pakistan's forex reserves rise to $15.03 bln Reuters - Friday, January 8 Send IM Story Print KARACHI, Jan 7 - Pakistan's foreign exchange reserves rose to $15.03 billion in the week ending on Jan. 2 from $13.96 billion the previous week, boosted by the arrival of an IMF loan tranche, a central bank official said on Thursday. Reserves held by the State Bank of Pakistan rose to $11.27 billion from $10.29 billion a week earlier, while those held by commercial banks also rose to $3.76 billion from $3.67 billion the previous week, the central bank spokesman said. "The rise in central bank reserves incorporates $1.2 billion from the IMF ," said Syed Wasimuddin, chief spokesman at State Bank of Pakistan. An IMF emergency loan package of $7.6 billion agreed in November 2008 helped avert a balance of payments crisis and shore up reserves. The IMF increased the loan to $11.3 billion in July and the central bank received a fourth tranche of $1.2 billion on Dec. 28. Foreign reserves hit a record high of $16.5 billion in October 2007 but fell steadily to $6.6 billion by November 2008, largely because of a soaring import bill. Recommend Send IM Story Print Related Articles Wall Street dips at open on stronger U.S. dollar Reuters - 47 minutes ago Charles Schwab to cut fees by about $4 per trade Reuters - 48 minutes ago NFL's Chargers say playoff game a sellout AP - 50 minutes ago GameStop cuts profit view Reuters - 50 minutes ago Saab bid hopes resurface as deadline looms Reuters - 51 minutes ago News Search Top Stories New US jobless claims edge up Poor euro retail sales trigger fears of recovery rut Yen drops on Japanese finance minister comments New for 2010: anti-wrinkle bras, protein undies Eurozone retail sales hit pre-Christmas reverse More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended 'Plate weighing scales' to help tackle child obesity Johnson and Johnson heiress found dead in LA 'Avatar' smashes China opening-day record Iceland caught in storm after Icesave veto Last-minute deal to save Saab unlikely: GM chief More Most Viewed » British priest defends urging people to shoplift More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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