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US$ PURCHASES BY STATE BANK PAKISTAN DROPS BY US$751 MLN IN Q1.
KARACHI, Jan 1 Asia Pulse - The purchase of US dollars from the open currency market by the State Bank of Pakistan (SBP) has dropped by a record Rs43.4 billion (US$751 million) during the first quarter of current financial year.
According to the First Quarterly Report from the SBP for the year 2003-04, the SBP spent Rs34.2 billion to purchase US dollars while during the same period of the last financial year the central bank had spent a record amount of Rs77.6 billion.
The ...
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Source: HighBeam Research, US$ PURCHASES BY STATE BANK PAKISTAN DROPS BY US$751 MLN IN Q1.