Pakistan''s foreign exchange reserves up by $1.177 billion

Foreign exchange reserves rose by $1.177 billion to $12.484 billion in the week ending on April 1, the State Bank of Pakistan (SBP) said on Saturday.
Reserves held by the SBP increased to $10.218 billion from $9.062 billion a week earlier, while those held by commercial banks rose to $2.266 billion from $2.245 billion, the SBP said in a statement.
A senior official at the central bank said inflows by the sale of $800 million in 10- and 30-year global bonds and $500 million as part of payment from the sale of a 26 percent stake in Pakistan Telecommunication Company last week supported the reserves.