Pakistan's forex reserves inch up


Express May 13, 2010

KARACHI:

Pakistan's forex reserves are up by 310 million dollars to reach over 15 billion dollars in total.


Reserves with the State Bank of Pakistan (SBP) rose to 11.5 billion dollars.


Commercial banks' reserves are slightly down at 3.8 billion.


The rise in the forex reserves is mainly due to the coalition fund receipts from the US. The US has released 656 million dollars in coalition support fund to Pakistan in the last two weeks.


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