Rise in Pakistan's foreign exchange reserves
KARACHI:
Reserves held by the State Bank of Pakistan rose above $11 billion. Meanwhile reserves held by commercial banks have slightly eased to $3.8 billion.
The increase in reserves of the State Bank is mainly due to the $188 million received from the US last week. An additional $468 million were received this week and will be included in the Reserve figures next week.
The US embassy has released $656 million as coalition support fund for costs incurred in fighting militancy.
Pakistan's foreign exchange reserves rose above $15 billion in the week ending on April 30, 2010.
Reserves held by the State Bank of Pakistan rose above $11 billion. Meanwhile reserves held by commercial banks have slightly eased to $3.8 billion.
The increase in reserves of the State Bank is mainly due to the $188 million received from the US last week. An additional $468 million were received this week and will be included in the Reserve figures next week.
The US embassy has released $656 million as coalition support fund for costs incurred in fighting militancy.