Pakistan's Foreign Exchange Reserves

[ameer219]

Pakistan's foreign exchange reserves exceed $15 billion

RECORDER REPORT


KARACHI (April 16 2010): The country's liquid foreign exchange reserves have crossed $15 billion mark with an increase of some $90 million during the last week. The central bank on Thursday issued the latest figures of liquid forex reserves, which depict an increase of $90.2 million in overall reserves from $14.9580 billion to $15.0482 billion during last week ended April 10, 2010.

During last week, forex reserves held by the central bank rose by $92.2 million to $11.1548 billion from $11.0626 billion. Reserves held by banks show a decline of $2.0 million during the last week, as they declined to $3.8934 billion against $3.8954 billion a week earlier.

Copyright Business Recorder, 2010
Business Recorder [Pakistan's First Financial Daily]


At last, we have crossed the barrier!Congratulations to !

 

[DESERT FIGHTER]

Its almost 16 billion now.......rename the thread.

 

[ameer219]

Show me the source or link?

Annual 2008/09
Foreign Debt $50.1bn
Per Cap Income $1046
GDP Growth 2.0%
Average CPI 20.77%
Monthly February

Trade Balance $-964 bln
Exports $1.53 bln
Imports $2.50 bln

Weekly April 15, 2010
Reserves $15.0482 bln

Business Recorder [Pakistan's First Financial Daily]

 

[AZADPAKISTAN2009]

Congrats to Pakistan but we are just starting we need to make up for lost 8-9 years of bad economy due to war on the borders

Long way to go ...

 

[Prometheus]

Pakistan's foreign exchange reserves exceed $15 billion

RECORDER REPORT


KARACHI (April 16 2010): The country's liquid foreign exchange reserves have crossed $15 billion mark with an increase of some $90 million during the last week. The central bank on Thursday issued the latest figures of liquid forex reserves, which depict an increase of $90.2 million in overall reserves from $14.9580 billion to $15.0482 billion during last week ended April 10, 2010.

During last week, forex reserves held by the central bank rose by $92.2 million to $11.1548 billion from $11.0626 billion. Reserves held by banks show a decline of $2.0 million during the last week, as they declined to $3.8934 billion against $3.8954 billion a week earlier.

Copyright Business Recorder, 2010
Business Recorder [Pakistan's First Financial Daily]


At last, we have crossed the barrier!Congratulations to !

good news.............that was bound as troubled time has passed behind.

stability=more economic activities=development

 

[ek_indian]

Good job by Pakistan.

 

[Ingis]

It feels good to see our neighbors progressing.

 

[Justin Joseph]

good news, now the next target should be peace and stability.

 

[sirius]

$15 billion is less if we judge by the size and potential of pakistan...
I am sure this figure will increase manifold after the war on terror

 

[luffy]

not trying to be a troll but don't the reserves have a singificant % of IMF loan?? which obviously is not safe in the long term.......pakistan must finish this WOT urgently and dramatically improve their exports
all the best

Pakistan's forex reserves rise to $15.05 bln | Reuters

 

[Frankenstein]

good news after along period

 

[khanz]

good news but we really need to do better and stop setting our standards so low lets reach for the stars 15 billion is pathetic for a country of pakistan's size who has nearly 200 million people esp when you compare it to tiny nations like lebanon who got less aid and devastated from war far more than us .

 

[jagjitnatt]

The recession is over in asia. Things will improve rapidly.

Great for Pak and India. Now time to aim for $20 billion.

Congrats to Pak members

 

[Mirza Jatt]

good news..as the situation improves it will grow..the trend has just started.

 

[Hyde]

yeah i read that yesterday

finally its back to 15 billion dollars