Forex reserves up to $9.4 billion The country’s foreign exchange reserves increased by $267 million to $9.497 billion during the week ended October 25 on the back of receiving the outstanding amount of $322 million from the US under the Coalition Support Fund (CSF), said the central bank’s chief spokesman on Thursday. “The State Bank of Pakistan (SBP) had received inflows worth $322 million on October 16 under the CSF, which caused a rise in the foreign exchange reserves of the country as well as the central bank,” the spokesman added. Pakistan’s forex reserves stood at $9.230 billion till October 14. The reserves held by the central bank increased to $4.299 billion from $4.086 billion, showing an increase of $213 million over the previous week. Meanwhile, net foreign reserves held by commercial banks also increased to $5.197 billion as compared to $5.144 billion last week.
Posted on: Fri, 01 Nov 2013 04:51:43 +0000
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