Foreign reserves ease to $18.24b

Business

Foreign reserves ease to $18.24b

Close

Pakistan's foreign reserves touched $18.24b for the first time in the countrys history.

07 July,2011 05:40 pm

According to the State Bank of Pakistan, reserves surged by 4.5 percent during the last week of June. During the period, the reserves of the central bank reached $14.78 billion with an increase of $776.5 million. Commercial banks reserves stood at $3.46 billion with a surge of $12.2 million.The reserves showed an increase of $1.5 billion as compared with last year.