Going up: SBP’s reserves clock in at $9,347 million

During the week SBP received $73 million from multilateral, bilateral and other sources.


Our Correspondent December 18, 2014

KARACHI:


Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 1.5% on a weekly basis on December 12, according to data released by the central bank on Thursday.


SBP’s liquid foreign exchange reserves increased by $144 million to $9,347 million compared to $9,203 million in the previous week.


During the week SBP received $73 million from multilateral, bilateral and other sources.


Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $14,042.4 million while net foreign reserves held by banks amounted to $4,695.9 million.


In the preceding week ending on December 5, SBP’s liquid foreign reserves increased 10.6% on a weekly basis. The massive increase was a result of Pakistan getting $1 billion against the issuance of Sukuk bonds.

Published in The Express Tribune, December 19th, 2014.

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COMMENTS (1)

Adnan | 9 years ago | Reply

Dear Publishing Department of SBP,

Kindly do share name of bilateral/multilateral source with public as it is our right. moreover, it helps people undertake analysis of foreign exchange reserves over a period of time. Disclosing a mere figure wont help anyone.

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