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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 $15.20 bln Reuters - Friday, January 15 Send IM Story Print KARACHI, Jan 14 - Pakistan's foreign exchange reserves rose to $15.20 billion in the week ending on Jan. 9 from $15.03 billion the previous week, boosted by inflows from development banks, a central bank official said on Thursday. Reserves held by the State Bank of Pakistan rose to $11.47 billion from $11.27 billion a week earlier, while those held by commercial banks fell to $3.73 billion from $3.76 billion the previous week, the central bank spokesman said. "There were some inflows from multilateral development banks," said Syed Wasimuddin, chief spokesman at State Bank of Pakistan. An International Monetary Fund 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 Cadbury makes final defense against Kraft AP - 1 hour 52 minutes ago IT consultant CapTech to hire 50, expand HQ AP - 1 hour 52 minutes ago Fraud alert: Be cautious about Haiti relief scams AP - 1 hour 52 minutes ago MSU experts help East Africa model climate change AP - 1 hour 54 minutes ago US fights Philippine tax on whiskey, gin at WTO Reuters - 1 hour 56 minutes ago News Search Top Stories Eurozone crisis brews as ECB holds rates Celebrities appeal for Haiti quake relief German inflation hits 19-year low of 0.4% Fiat CEO: decision to close plant 'irreversible' World Bank plans $100 million in crisis aid to Haiti More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Fiat CEO: decision to close plant 'irreversible' Power of genomics cracks soybean code Top bankers admit missteps in financial crisis Iran speaker accuses Obama of state terrorism 'Safe cocaine' use a myth: study More Most Viewed » Beat the blues by going to bed early: study Huge tomb found at Egypt's Saqqara pyramid Woman who saved Anne Frank's diary dead at 100 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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