farhan_9909
PROFESSIONAL
- Joined
- Oct 21, 2009
- Messages
- 8,989
- Reaction score
- 10
- Country
- Location
Reserves hit 12-month high at $11.75bn
KARACHI: Foreign exchange reserves of the country rose to 12-month high after inflow of $2 billion through the sale of Eurobond, the State Bank of Pakistan (SBP) reported on Thursday.
The reserves on April 18, 2014 were $11.753bn, more than $11.474bn noted in May 2013.
The reserves of the State Bank of Pakistan rose to $7.010bn, which was higher than the reserves held by the bank in April 2013 when they were $6.693bn.
During the last 12 months, the country faced fast erosion of dollars particularly from the reserves of the central bank which fell from $6.693bn in April 2013 to $3.048bn in November 2013.
However, the private banks’ holdings remained strong as they were $5.118bn in April 2013, the lowest level being $4.709bn in March 2014. It again improved to $4.743bn on April 18 this year.
Reserves hit 12-month high at $11.75bn - Newspaper - DAWN.COM
More expected to be received within the next few months to reach 15Billion dollars target mark by Sept End.
*2.5Billion dollars in May from WB
*750Million dollars from 3g/4g Auction(Expected overall 1.5Billion $)
Rumoured but can be true
*1.5Billion dollars more from KSA
@Aether
KARACHI: Foreign exchange reserves of the country rose to 12-month high after inflow of $2 billion through the sale of Eurobond, the State Bank of Pakistan (SBP) reported on Thursday.
The reserves on April 18, 2014 were $11.753bn, more than $11.474bn noted in May 2013.
The reserves of the State Bank of Pakistan rose to $7.010bn, which was higher than the reserves held by the bank in April 2013 when they were $6.693bn.
During the last 12 months, the country faced fast erosion of dollars particularly from the reserves of the central bank which fell from $6.693bn in April 2013 to $3.048bn in November 2013.
However, the private banks’ holdings remained strong as they were $5.118bn in April 2013, the lowest level being $4.709bn in March 2014. It again improved to $4.743bn on April 18 this year.
Reserves hit 12-month high at $11.75bn - Newspaper - DAWN.COM
More expected to be received within the next few months to reach 15Billion dollars target mark by Sept End.
*2.5Billion dollars in May from WB
*750Million dollars from 3g/4g Auction(Expected overall 1.5Billion $)
Rumoured but can be true
*1.5Billion dollars more from KSA
@Aether
