20000101

Forex reserves

at $1,465.6m

RECORDER REPORT

KARACHI: The State Bank of Pakistan has announced rates of remuneration on foreign exchange deposits placed with the State Bank for January, 2000.

The applicable rates will be 4.45 percent for one week, 4.65 percent for one month and 4.80 percent for three months.

The State Bank circular issued on Friday says that the net cumulative placement with the SBP of foreign exchange was about 169.3 million dollars on December, 30 1999.

At the same date the total foreign exchange reserves of the State Bank stood at 1,465.6 million dollars.