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Thursday, July 15, 2010

Pakistan's forex reserves ease to $16.63 bln

July 15 (Reuters) - Pakistan's foreign exchange reserves eased to $16.63 billion in the week ending July 9, from a record $16.77 billion a week ago, the central bank said on Thursday

Reserves held by the State Bank of Pakistan (SBP) fell to $12.82 billion from $12.95 billion a week earlier, while those held by commercial banks eased to $3.81 million from $3.82 billion, said Syed Wasimuddin, the SBP's chief spokesman.
Pakistan's forex reserves rose to a record high in the week ending July 2, thanks to foreign inflows worth $750 million received during the week.

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