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National forex reserves rise to $11.64b

admin — Fri, 19 Jun 2009 22:06:21 +0000

KARACHI: National exchange reserves mounted to $11.64 billion, State Bank of Pakistan said Thursday. According to SBP spokesman, the national forex reserves bulged by $128.3 million and forex reserves with the central bank stand at $8.30 billion. The central bank spokesman said the bank achieved its target of deal with International Monetary Fund, under which the SBP was to take its reserves to $8 billion by June 30, 2009.

Pakistan forex reserves down by $1.4 million

admin — Fri, 15 May 2009 14:08:24 +0000

KARACHI: The foreign exchange reserves of the country have registered a decline of 1.4 million dollars in the week ended My 9. According to Wasimuddin, spokesman of the State Bank of Pakistan, after the above decrease Pakistan’s foreign reserves now stand at 11.10 billion dollars. Out of the total reserves SBP holds 7.75 billion dollars while 3.53 billion are with the commercial banks.