FOREX: Currency reserves fall to $9.077 billion
Reserves held by the SBP decreased to $3.845 billion from $4.224 billion a week earlier.
KARACHI:
Foreign exchange reserves decreased to $9.077 billion as of November 8, compared to $9.509 billion in the previous week, according to a statement of the State Bank of Pakistan (SBP) on Monday. Reserves held by the SBP decreased to $3.845 billion from $4.224 billion a week earlier, while those held by commercial banks fell to $5.232 billion as compared to $5.285 billion a week earlier. Pakistan made its last payment of $164 million to the IMF on September 27, 2013. Meanwhile, exports and record remittances have supported Pakistan’s reserves. Monthly average of remittances for July-May this fiscal year came to $1.160 billion compared to $1.097 billion in the same period a year ago.
Published in The Express Tribune, November 19th, 2013.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
1732013245-0/now-you-see-me-(1)1732013245-0-405x300.webp "article")
1730959638-0/trump-(19)1730959638-0-165x106.webp "article")
1732011525-0/Express-Tribune-(8)1732011525-0-270x192.webp "new school timings announced for winter season")
1732004108-0/Express-Tribune-(5)1732004108-0-270x192.webp "pti rules out talks with govt ahead of nov 24 protest")
1732000275-0/Untitled-design-(9)1732000275-0-270x192.webp "dhaka university lifts ban on pakistani students")
so much progress GO pml, we hate musharraf foreign reserves were only 17 billion in his time, pakistan people so easy to brainwash