Pakistan Forex Reserves reach $15.780 Billion

[Shamraz_Khan]

Re: Pakistan Forex Reserves reach $15.780 Billion

@Reza_Pahlavi

Let’s not forget the reserves were just $1 billion or so when Musharraf took over. Now they are pushing $16 billion. :k:

http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20070810\ACQDJON200708100326DOWJONESDJONLINE000299.htm&

Pakistan Forex Reserves $15.780 Billion Aug 4 Vs $15.792 Billion

KARACHI -(Dow Jones)- Pakistan’s foreign exchange reserves fell to $15.780 billion in the week ended Aug.4 from $15.792 billion in the week ended July 28, the State Bank of Pakistan said Friday. Reserves held by the central bank rose to $13.403 billion from $13.361 billion. Foreign exchange deposits held by other banks totaled $2.377 billion, compared with $2.431 billion earlier.

Yea, 11 billion of those 15 was given by the US to fight “War On Terror”, and not b/c of some economic miracles performed by Mushrraf’s regime.