Foreign Exchange: Reserves rise to $18.06 billion
Foreign exchange reserves rose to $18.06 billion in the week ending September 3, from $17.90 billion
KARACHI:
Foreign exchange reserves rose to $18.06 billion in the week ending September 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.
Published in The Express Tribune, September 9th, 2011.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ