Forex reserves still not at comfortable levels

$14.12bn of foreign exchange can cover only 3 months of imports Saturday, November 21, 2009 By Mansoor Ahmad LAHORE: A year after the approval of a huge $7.6 billion bailout package by the International Monetary Fund, Pakistan has not been able to increase its foreign exchange reserves to comfortable levels and they are still vulnerable to external shocks like a sharp rise in crude oil prices. Out of total foreign exchange reserves of $14.12 billion claimed by the State Bank, the central bank actually has only $10 billion at its disposal...