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KARACHI: The foreign exchange reserves held by the State Bank of Pakistan decreased by $295 million to $9.329 billion during the week ended on Sept 14.
Total liquid reserves of the country were recorded at $15.79bn while holdings of the commercial banks stood at $6.46bn during the period under review.
Published in Dawn, September 25th, 2018
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Sep 25, 2018 10:30am
Austerity measures required like Greece did. Raise taxes, raise interest on government loans, corruption and corrupt officials punished.
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Sep 25, 2018 11:52am
The currency of commercial banks amounting $6.46 is held by SBP to Enhance reserve, which is included in $9.329 billion. This means actual reserve of SBP is $2.869 billion. $6.46 billion is counted twice. One by the commercial banks account actually which is lended to SBP, the same amount again shown by SBP to make their reserve as $9.329 billion to showcase the strength of reserve. Fair enough.
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