Pakistan forex reserves rise to $8.017 billion
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KARACHI: Pakistan's foreign exchange reserves rose to $8.017 billion in the week ending January 31compared to $7.994 billion in the previous week, the central bank said.
Remittances from Pakistanis abroad rose 9.46 per cent to $7.8 billion in the July-December first half the 2013/14 fiscal year, from $7.11 billion in the same period last year.
The fiscal year runs from July to June.
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Comments (7) Closed
Feb 07, 2014 10:37pm
Mr Dar who is playing with the numbers.
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Feb 08, 2014 05:00am
Bangladesh has forex reserve of 20 Billion!
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Feb 08, 2014 04:13pm
You are daily publishing the status of Forex; Actually you must do something to promote the exports. The dependency on remittance would not solve the financial problems of Pakistan. Moreover, most people in in Pakistan do not know the high significane of forex. They are happy to consume the imported items.
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Feb 09, 2014 05:42pm
@Maharaj Razdan:
India has a reserve of 291 Billion USD.
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Feb 09, 2014 10:56pm
Congratulations - but don't give the expatriates voting rights since that may hurt you badly. You shameless creatures quickly act on the IMF dictates but ignore the genuine requirement of your supporters.
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Feb 09, 2014 11:07pm
@raw is war: Not a fair to comparison of reserves, keeping the size of the countries in view. You can compare their management of railways with ours that is about to be sold.
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Feb 10, 2014 10:14am
The 5th largest country in the world with over 200 million people having only 8 billion USD? In Musharraf era the figure was 16-18 billion while India had 65-70 billions. Today India has around 300, we are down to 8.Where did the money go?
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