According to central bank, Pakistan’s foreign exchange reserves rose by USD 100 million to USD 10.26 billion in the week that ended on March 21st 2009.

The State Bank of Pakistan reserves rose to USD 6.79 billion from USD 6.69 billion a week earlier while reserves held by commercial banks were flat at USD 3.47 billion.

It said that Pakistan’s foreign reserves hit a record high of USD 16.5 billion in October 2007 but fell to $6.6 billion in November, largely because of a soaring import bill. Pakistan expects to get another USD 700 million in foreign inflows this month, Shaukat Tarin, the countrys top finance official.

(Sourced from Reuters)