Trader counting Pakistani rupees.—File Photo
Trader counting Pakistani rupees.—File Photo

ISLAMABAD: The total liquid foreign reserves held by the country stood at $ 14,939.5 million on July 13, 2012.

Giving the break-up of the foreign reserves position a statement of the State Bank of Pakistan (SBP) issued on Thursday said that Foreign reserves held by the SBP stood at $ 10,501.6 million while net foreign reserves held by banks (other than SBP) stood at $ 4,437.9 million.

Thus total liquid foreign reserves as on July 13, 2012 stood at $ 14,939.5 million.

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Comments (2)

@AsifAmeer_AP
July 20, 2012 11:01 am
So the average trend of drainage of $400+ million per week has stopped. huh.
AmirDewani
July 19, 2012 11:44 am
The picture on top of this story, depicting the 'trader counting Pakistani rupees' prompts me to visualize the grim debt and deficit economic scenario in Pakistan. And, in view of the economic fiasco, I am compelled to invite attention of the saner elements to the following case studies:- (i) " Global Recovery Still under Threat, says IMF Outlook".( Reference: bbc.co.uk/news/business/188543), (ii) ' Dilemma for Greek Youth:Fight or Flee". (Reference: CNN.com, July 16, 2012), and (iii) The latest story of Reuters,from Athens I am reading today says, " Greece coalition government will seek a bridging loan...." My ardent appeal is to the devoted Pakistani planners, thinkers and analysts to kindly do some soul searching called 'self-evaluation' and learn the lessons from the economic scenario obtaining around the globe and from the 'Greek Tragedy'. before it is too late. Or the 'TITANIK' might hit the iceberg much against the wish of the teeming millions of your citizens.
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