First quarterly report says agricultural sector recovers with improved output of major crops. PHOTO: EXPRESS
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.28% on a weekly basis on January 13, according to data released by the central bank on Thursday.
The SBP’s liquid foreign exchange reserves increased $51.3 million to $18,361 million compared to $18,309.7 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 $23,191.5 million. Net reserves held by banks amounted to $4,830.5 million.
More than two month ago, the central bank had made payments of $60 million. Over three months ago, the SBP-held reserves had gone up 7.8% on a weekly basis after the bank received $1,340 million from multilateral, bilateral and other official sources including $501 million from the IMF, $502 million from the World Bank and $307 million from the ADB.
Published in The Express Tribune, January 20th, 2017.
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