Pakistan's foreign exchange reserves cross $9 billion mark

KARACHI (December 20 2002) : Country's foreign exchange reserves have improved slightly as the total reached at 9.069 billion dollars.

The holding of the State Bank was 6.930 billion dollars while the commercial banks holdings were 2.139 billion dollars.

The country has already achieved the half-year target of 9 billion dollars before the end of December.

The experts hope that the target of 10 billion dollars set for the fiscal year ending June 30, 2003, will be achieved much earlier.

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