Pakistan's For Ex reserves up US$85.3m

PAKISTAN - The foreign exchange reserves of Pakistan have registered an increase of US$85.3 million over the previous week.

According to the weekly statement of State Bank of Pakistan on Thursday, the total liquid foreign reserves held by the country stood at US$4,404.4 million as on 1 December 2001 against $4,319.1 million on 24 Nov.

These reserves include $2,811.5 million held by the State Bank of Pakistan and $1,592.9 million held by other banks.

The major jump was witnessed in the reserves held

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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