Pakistan cbank announce measures to boost reserves

PAKISTAN - Pakistan's central bank on Mar 31, 2001 announced measures to boost its foreign exchange reserves, a day after the International Monetary Fund released fresh money under a standby credit agreement.

The State Bank of Pakistan said it reserves had increased to $1.43 billion after receiving thesecond tranche of the loan. The IMF said Pakistan's total drawings from the loan comes to about$324 million after it was approved in November 2000.

The central bank has also decided to remove an

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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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