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Pakistan's forex reserves fall to $10.15 bln

KARACHI | Thu Aug 7, 2008 4:11pm IST

KARACHI Aug 7 (Reuters) - Pakistan's foreign reserves fell by about $328 million to $10.159 billion in the week ending Aug. 2, the central bank said on Thursday.

According to official data, the State Bank of Pakistan said its reserves fell $48 million to $6.968 billion, while those held by commercial banks rose $151 million to $3.190 billion.

Pakistan's foreign exchange reserves hit an all-time high of $16.486 billion on Oct. 31, 2007, but have fallen since then because of rising oil payments and foreign investors' withdrawing money because of political uncertainty dogging the country four months after a civilian coalition formed a new government.

(Reporting by Aftab Borka; Editing by Victoria Main)

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