Pakistan's forex reserves to accelerate $ bln 14:46
Pakistan's forex reserves to accelerate $ bln 14:46
KARACHI, Oct 15 Reuters - Pakistan's foreign reserves and facilitated at 14:46 billion U.S. dollars in the week to October 10 compared with 14.75 billion U.S. dollars the previous week, ended the central bank said on Thursday.
Reserves by the State Bank of Pakistan held fell to 10.89 billion U.S. dollars from 11:17 billions of dollars a week earlier, while those of commercial banks held at 3:57 billion dollars compared with 3.58 billion U.S. dollars a week earlier, were the central bank said in a statement.
Pakistan's forex reserves to accelerate $ bln 14:46
Foreign exchange reserves hit a record high of 16.5 billion U.S. dollars in October 2007 but fell steadily to 6.6 billion U.S. dollars to import through November last year, mainly because one BOM Soaring.
However, reserves the right to an International Monetary Fund (IMF) emergency loan package to help 7.6 billion of U.S. dollars in the balance of payments crisis and avert the bank agreed to November.
The IMF, the loan to 11.3 billion U.S. dollars in July, raised has paid a total of 5148 billion U.S. dollars.
Pakistan's forex reserves to accelerate $ bln 14:46
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