Pakistan's Forex Reserves

KARACHI, May 28 (Reuters) - Pakistan's foreign exchange rose by $53 million to $11.19 billion in the week that ended on May 23, a central bank spokesman said on Thursday.
The State Bank of Pakistan's reserves edged up to $7.88 billion from $7.83 billion a week earlier, while reserves held by commercial banks were unchanged from the previous week at $3.31 billion, the spokesman said.
Foreign reserves hit a record high of $16.5 billion in October 2007 but fell steadily to $6.6 billion by November last year, largely because of a soaring import bill.
Pakistan agreed in November to an International Monetary Fund emergency loan package of $7.6 billion to avert a balance of payments crisis and shore up reserves.