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Sunday, 3 November 2013

Pakistan forex reserves up at $9.497 billion


KARACHI: Pakistan's foreign exchange reserves increased to $9.497 billion in the week ending October 25 as compared to $9.230 billion in the previous week, the State Bank of Pakistan (SBP) said in a statement issued here.

A breakup is given below:

RESERVES ($bns)Week ending Oct 25Previous Week Change/pct
Held by SBP 4.2994.0865.21
Held by banks5.198 5.1441.04
Total 9.4979.230 2.89

It is pertinent to note that the boost comes from a rise in workers remittances which jumped by 9 percent to $3.9 billion, during the first thee months of FY14, from $3.6 billion in the same period last year.

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