Home » Breaking News, Business » Pak Foreign Exchange Reserves Rose to $13.808 bln

Pak Foreign Exchange Reserves Rose to $13.808 bln

Pakistan Business News

Pakistan, Business News : Pakistan’s foreign exchange reserves rose to $13.808 billion in the week ending Dec 28, from $13.378 billion in the previous week, the central bank said on Thursday.

RESERVES        Week ending     Previous Week  Change/pct
($ billions)         Dec 28
Held by the State       9.009           8.626         4.44
Bank of Pakistan
Held by            4.799           4.752         0.98
commercial banks
Total            13.808          13.378         3.21

The increase was due to the receipt of $688 million under the Coalition Support Fund (CSF), reimbursements for Pakistani military activity from the United States, said the chief
spokesman for the central bank on Thursday.

Remittances from Pakistanis abroad rose 14.16 percent to $5.982 billion in the first five months, July to November, of the 2012/13 fiscal year, from $5.240 billion in the same period last year. Agencies

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