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Showing posts with the label forex reserves

Pak total liquid forex reserves at $14.4m

Thursday, October 29, 2009 KARACHI: Pakistan's total liquid foreign exchange reserves stood at $14,428.9 million on October 24, 2009, State Bank of Pakistan said Thursday. According to break-up, foreign reserves held by SBP were $10,859.3 million while net forex reserves held by banks (other than SBP) $3,569.6 million.

More currencies to form part of Pakistan’s forex reserves

Monday, October 26, 2009 KARACHI: The State Bank of Pakistan (SBP) has initiated the process of bringing other currencies in the country’s pool of foreign exchange reserves with a view to protect its total reserves position.The decision has been made in view of the diminishing value of dollar which mainly forms Pakistan’s foreign exchange reserves. It is learnt that information regarding other currencies to be added in the country’s foreign exchange reserves and their proportions will not be disclosed.