Pak Forex Reserves Decline by $586.5 MLN

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KARACHI, Pakistan News: Pakistan’s total liquid foreign exchange reserves have witnessed a decrease of 586.5 million dollars to 14.51 billion dollars due to a payment made for Euro Bonds, State Bank of Pakistan said Thursday.

SBP spokesman, Syed Wasimuddin said that the government made a payment for Euro Bonds worth 600 million dollars on January 26.

According to break-up, foreign reserves held by SBP amount to 10.72 billion dollars and net forex reserves held by banks (other than SBP) 3.79 billion dollars.

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Tags: $586.5 MLN, decline, Forex, Pak, Reserves

This entry was posted on February 5, 2010 at 7:49 am and is filed under Business News. You can follow any responses to this entry through the RSS 2.0 feed.