Pakistan: Forex reserves slips to $ 15.536bn

[AbhijitSingh]

Forex reserves slips to $ 15.536bn

KARACHI: Country's foreign exchange reserves have plunged by $ 470 million to around $ 15,536 billion as on June 1, 2012 on foreign payments.

According State Bank of Pakistan here Thursday, the foreign exchange reserves held by the Central Bank decreased to $ 11.244 billion while reserves held by banks dropped to about $ 4.292 billion dduring the week.

 

[regular]

Who cares about these foreign reserves they are nothing but pieces of rubbish paperz anybody can print them...........

 

[roshangjha]

Who cares about these foreign reserves they are nothing but pieces of rubbish paperz anybody can print them...........

Apparently, a lot of people, especially the policy makers, do.

I know that to a layman (like you), it is nothing but trash but to anyone who understands economy, this news is meaningful and DANGEROUS to Pakistan.

 

[KRAIT]

Who cares about these foreign reserves they are nothing but pieces of rubbish paperz anybody can print them...........

Nice one.....

 

[AMRITSAR]

Who cares about these foreign reserves they are nothing but pieces of rubbish paperz anybody can print them...........

Oh Pakistan also started printing Dollers too......? From your words I can know your knowledge level. Friend 90% of the world trade done in $s

 

[Gautam]

bankruptcy on the way...

 

[Imran Khan]

bankruptcy on the way...

dushman mary tee khushi na karyee - sajnaan wi tur jana

 

[user1]

It's happening in other countries too.

For example, foreign currency reserves in India have been dropping for the last 5 consecutive weeks; also, during the past few months, the value of INR to $ has dropped a massive 23% (From 44 to 56.5)

 

[mdcp]

Imdont know why indians are more concern in any matter
We a small country, limited budget and finances but their all life moves only around us

 

[Adnan Faruqi]

I think its not enough for even 15 days of payment of imports of pakistan, is it????

 

[Agni5000]

bankruptcy on the way...

It is already bankrupt. Complete breakdown o the way..............

 

[karan.1970]

---NVM----

dushman mary tee khushi na kayee - sajnaan wi tur jana

Imran Bhai.. I am a fan of your responses...

 

[SamranAli]

It is already bankrupt. Complete breakdown o the way..............

go give both of your shoulder to your economy and Rupee which are constantly falling downward.