GEO 436 KARACHI: The volume of Foreign Exchange Reserves has overshot level of 16 billion dollars after a long gap, which were lastly seen to have crossed the same level on August 31 in the year 2007, Geo news reported. The spokesman to Central Bank Mr. Syed Waseemuddin told Geo news the forex reserves were recorded standing at level of $16.129 billion at the end of current fiscal year on May 21 with addition of $5.87 dollar. He said out of $16.129 billion, the State Bank of Pakistan (SBP) possesses $12.30 billion while the remaining $3.70 billion are deposited in country's other commercial banks. The recent rise in forex reserves occurred following US deposited $280.80 million meant for expenses allocated for war against terrorism, he added.
Related posts:
0 comments :
Post a Comment