Forex reserves increase by $109 million

KARACHI: The country’s liquid foreign exchange reserves increased by $109 million during the last week ending on March 14, 2009, reveals State Bank of Pakistan’s statistics on Thursday. The country’s foreign exchange reserves reached $10.161 billion on March 14 as compared with $10.052 billion last week. The reserves held by the central bank witnessed a major increase of $76 million to reach $6.689 billion as compared to $6.613 billion last week. Reserves held by banks (other than SBP), similarly, witnessed an increase of $32 million to reach $3.471 billion as against $3.439 billion last week. staff report