On Sept. 26, 2009 the foreign reserves held by State Bank amounted dollars 10.9354 billion, whereas net foreign reserves held by banks other than SBP figured 3.5557 billion dollars.
One week earlier, the forex were figured $ 14.4763 billion ranking the highest in last two years.
The foreign reserves held by State Bank stand at 10.9415 billion dollars while 3.5348 billion dollars are with banks other than SBP.
Pakistan's forex reserves rise to $9.429 bln
Thu January 16, 2003 06:12 AM ET
KARACHI, Jan 16 (Reuters) - Pakistan's foreign exchange reserves rose to $9.429 billion in the week to January 11, up $50 million from the previous week, the central bank said on Thursday.
The State Bank of Pakistan gave no reason for the rise, but bankers said it was partly due to higher remittances from expatriate Pakistanis who have been using official channels since a crackdown on money laundering after September 11, 2001.
The central bank said in a statement its direct holdings amounted to $7.941 billion, while commercial banks held $1.488 billion.
The central bank changed its method of calculating foreign reserves last year and now monitors total liquid foreign reserves, including the previously undisclosed foreign exchange deposits held by other banks.
Aid and grants from the United States and its Western allies in return for Islamabad's support for the U.S.-led war in Afghanistan have also helped Pakistan's foreign exchange reserves to rise.
Shaukat Aziz, adviser to Prime Minister Mir Zafarullah Khan Jamali on finance and economic affairs, said last month that foreign exchange reserves were likely to be about $10 billion by the end of the current fiscal year in June 2003.
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