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Forex reserves crosses $15 billion mark

Pakistan's total liquid foreign exchange reserves crossed $15 billion mark last week. According to weekly foreign exchange reserves report issued by State Bank of Pakistan (SBP) on Thursday, the country's total liquid foreign exchange reserves stood at $15.213 billion as on January 2, 2015 compared to $14.945 billion a week earlier, depicting an increase of $268 million.

Although, reserves held by SBP and the banks witnessed upward trend during the week under review, however major surge was registered in the central bank's reserve. During the week ending January 2, 2015, SBP's liquid forex reserves increased by $171 million to reach $10.476 billion compared to $10.305 billion in the previous week. While, reserves held by the banks mounted by $97 million to $4.737 billion end of the week compared to $4.640 billion a week earlier.

Copyright Business Recorder, 2015



 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln