Forex reserves rise to $18.06bn

View previous topic View next topic Go down

GMT + 8 Hours Forex reserves rise to $18.06bn

Post by Admin on Sun Sep 11, 2011 4:53 pm

KARACHI: Pakistan's foreign exchange reserves rose to $18.06 billion in the week ending Sept. 3, from $17.90 billion in the previous week, the central bank said on
Thursday.

Reserves held by the State Bank of Pakistan (SBP) rose to $14.60 billion from $14.45 billion, while those held by commercial banks rose to $3.46 billion from $3.45 billion, according to the State Bank of Pakistan.

Foreign exchange reserves hit a record $18.31 billion in the week ending July 30 but have eased due to scheduled debt repayments.

The reserves were boosted in June by inflows of $411 million, including a $191.9 million loan from the World Bank, and another loan of $196.8 million from the Asian Development Bank.

Higher export proceeds and a record inflow of remittances have helped Pakistan's forex reserves grow steadily.

According to official data, remittances rose 38.57 percent to $1.1 billion in the first month of the 2011/12 fiscal year (July-June), compared with $791.18 million in the same period last year. (Reuters)


For Urgent contact Please email me at ( positionhelp@gmail.com ) [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.]
avatar
Admin
Y-Nots!
Y-Nots!

Posts : 624
Join date : 2011-02-08

Back to top Go down

GMT + 8 Hours Re: Forex reserves rise to $18.06bn

Post by Generous on Sun Sep 11, 2011 6:21 pm

goOd wOrk[You must be registered and logged in to see this image.]
avatar
Generous
Monstars
Monstars

Pisces Snake
Posts : 1091
Join date : 2011-02-11
Age : 28

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum