The News Review:

- Forex kitty swells to $312 billion
- SBP reduces time for submission of forex data
- Forex reserve reaches US$1.68 trillion

Forex kitty swells to $312 billion
Economic Times – Apr 12, 2008
During FY08 credit rose 21. 1% in the
previous year. Foreign
exchange reserves rose $2.

SBP reduces time for submission of forex data
Pakistan Dawn – Apr 12, 2008
com – DO NOT MODIFY –>. In a circular issued on Friday, the SBP said that with the considerable development in IT field over a period of time, it has become imperative to reduce the period of submission for the captioned data from 10 days to 5 days which will help in enhancing the efficiency of the of statistical information system and quick dissemination of the aggregate foreign exchange data. Attention of authorised dealers is invited to Circular No. Earlier, the authorised dealers were required to submit monthly data of foreign exchange transactions to Statistics and Data Warehouse Department (formerly Statistics Department) by the 10th of the following month.

Forex reserve reaches US$1.68 trillion
EastDay.com – Apr 12, 2008
68 trillion at the end of
March, up 39. 94 percent on the same period last year, the People’s Bank of China
announced yesterday. 9 billion was added to the forex
reserve in the first quarter of this year, US$18.