PHOTO: AFP
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 1.3% on a weekly basis on January 29, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves decreased $212 million to $15,435 million compared to $15,647 million in the previous week.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,275.8 million while net reserves held by banks amounted to $4,840.4 million.
Last month, foreign exchange reserves held by the SBP increased 3.5% on a weekly basis after it received $500 million from the IMF.
The SBP received $918 million in November from multilateral, bilateral and other official sources, which include $500 million from the World Bank and $400 million from the Asian Development Bank.
SBP-held reserves increased 13.4%, or $1,794 million, in October.
Published in The Express Tribune, February 5th, 2016.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ