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Pakistan Forex Reserves Fall 0.14 pct to $14.841 Billion

Posted by on Friday, September 28, 2012, 9:20
This news item was posted in Business category and has 2 Comments so far .

Pakistan’s foreign exchange reserves dropped to $14.841 billion in the week ending Sept 21, from $14.863 billion the previous week, the central bank said on Thursday.

Pakistan Forex

RESERVES           Week ending    Previous Week  Change/pct

($ billions)                  Sept 21

Held by the State      10.322          10.383         -0.58

Bank of Pakistan

Held by                      04.519          04.480          0.87

Commercial Banks

Total                          14.841          14.863         -0.14

Pakistan’s reserves have been reduced by debt repayments in August on a $397.2 million loan from the InternationalMonetary Fund, the central bank said on Thursday.

Remittances from Pakistanis abroad rose 17.73 percent to $13.186 billion in the 2011/12 fiscal year, which ended on Jun 30, compared with $11.2 billion the previous year.

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2 Responses to “Pakistan Forex Reserves Fall 0.14 pct to $14.841 Billion”

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