Pakistan’s forex reserves fall to $8.060 bn.

[Assault Rifle]

Pakistan’s forex reserves fall to $8.060 bn.
REUTERS
Updated 2013-12-13 15:21:26

KARACHI: Pakistan's foreign exchange reserves dropped to $8.060 billion in the week ending December 6 compared to $8.238 billion in the previous week, the central bank said.

Remittances from Pakistanis abroad rose 6.27 per cent to $5.27 billion in July-Oct, the first four months of the 2013/14 fiscal year, from $4.96 billion in the same period last year.

The fiscal year runs from July to June.


Pakistan’s forex reserves fall to $8.060 bn - DAWN.COM

TABLE-Pakistan forex reserves fall to $8.060 bln| Reuters

 

[Hulk]

Shhhh don't tell this to Riaz Haq, he will throw few musings on us. Aaj kal dikhayee nahi dete.

 

[Not Sure]

Shhhh don't tell this to Riaz Haq, he will throw few musings on us. Aaj kal dikhayee nahi dete.

Who is @RiazHaq?

 

[farhan_9909]

500million dollars increase today

the above figures are actually of last saturday.

 

[Sugarcane]

Sala dollar ka rate tu girta jaa raha hai

 

[Armstrong]

Sala dollar ka rate tu girta jaa raha hai

Lovey Bhai subhaa nashta na kareiiin isss keii bajeiii utneii hiii paiseiii Pakistan bheej deiiin !

 

[Sugarcane]

Lovey Bhai subhaa nashta na kareiiin isss keii bajeiii utneii hiii paiseiii Pakistan bheej deiiin !

Yaar - Abhi tu day kar wapis jaa raha hon, when i came to Pakistan USD was 109 and yesterday when i went for change it became 106

Anyway - at-last it's my flight time - 8 ghantay say wait kar kar kay madaari ban gaya hon. See yaa, good night

 

[SBD-3]

There has been massive dollarization in Pakistan over last few months. The dollars have been physically been smuggled out of Pakistan by none other but Pakistanis. As soon as rupee started to gain, there has been a panic in the hoarders forcing them to sell the hoarded dollars in Kurb market. Interestingly, the Kerb market rates fell below the interbank market few days ago. This was a sign that rupee depreciation was propelled by the massive domestic dollarization. Not until Dar pushed the screws of SBP governor, bank presidents and exchange companies owners personally, the dollar reversed its trend.

 

[Storm Force]

For a nation with nearly 190 million people a $8 billion Forex is rediculously tiny.

Financially & Economically your country,s performance is shocking.

When you consider your a nation boastong strong ties with super rich arab states like UAE & SAUDI and you clai CHINA to be your mortal ally that Forex PERFORMANCE is a criminal showing by your leaders & politicians & your generals

 

[SBD-3]

For a nation with nearly 190 million people a $8 billion Forex is rediculously tiny.

Financially & Economically your country,s performance is shocking.

When you consider your a nation boastong strong ties with super rich arab states like UAE & SAUDI and you clai CHINA to be your mortal ally that Forex PERFORMANCE is a criminal showing by your leaders & politicians & your generals

Economic recovery will take due time. Unless the country is not able to fully recover from the wave of violance and energy crisis, there would always be a drag on economic recovery. Yet the current GDP figure of 5.1% YoY in first quarter is a sign that things are improving.