During the week ending Feb14, 2014, SBP’s liquid foreign reserves increased by $356 million to $3,197 million. PHOTO: FILE
ISLAMABAD:
Total foreign reserves held by the country stood at $7.99 billion for the week ended February 14, according to figures released by the State Bank of Pakistan (SBP) yesterday.
Out of the total, foreign currency reserves held by the SBP stood at $3.19 billion, while those held by commercial banks stood at $4.79 billion, according to the data.
During the week ending Feb14, 2014, SBP’s liquid foreign reserves increased by $356 million to $3,197 million compared to $2,841 million in the previous week, said the central bank statement.
The SBP attributed the increase in its reserves to official inflows during the week; which include $353 million received under the Coalition Support Fund, $53 million from multilateral and bilateral sources.
On account of external debt servicing and other payments, the SBP gave $147 million to the IMF under stand-by arrangement (SBA).
Published in The Express Tribune, February 21st, 2014.
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