Pakistan's Foreign Reserves cross $18 billion mark

The country's liquid foreign reserves have crossed $18 billion mark second time during 15 days. The State Bank of Pakistan on Thursday revealed that the country's foreign reserves have surged by $127 million to $18.235 billion during the last week ended on July 16, 2011.
Out of total reserve the SBP has $14.7114 billion and reserves held by banks stood at $3.524 billion. For the second time during this month the reserve has crossed $18 billion mark, as previously on July 2 foreign reserves were stood at all time high level of $18.24 billion.