KARACHI (January 31 2010): Executive Director of the State Bank of Pakistan, Asad Qureshi on Saturday projected that the SBP's foreign exchange reserves will be reaching $15 billion by the end of June this year. While answering a question during press conference on the Monetary Policy.
He said the country's foreign exchange reserves gradually increased and consequently, the reserves held by SBP reached $10.6 billion as of 27th January 2010. He said due to the deprecation of the dollar in the world market, the SBP has diversified the basket of foreign currencies and now the forex reserves are being managed on product, sector, currency and geographical basis to minimise risks.
Copyright Business Recorder, 2010 
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