Foreign exchange: Reserves rise 3.5% week-on-week
The SBP received $500 million from the International Monetary Fund (IMF) during the week
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 3.5% on a weekly basis on December 25, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves increased $559 million to $16,172 million compared to $15,613 million in the previous week. The SBP received $500 million from the International Monetary Fund (IMF) during the week.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $21,073.9 million while net reserves held by banks amounted to $4,902.3 million.
Last month, the SBP received $918 million from multilateral, bilateral and other official sources, which included $500 million from the World Bank and $400 million from the Asian Development Bank.
Published in The Express Tribune, January 1st, 2016.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 3.5% on a weekly basis on December 25, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves increased $559 million to $16,172 million compared to $15,613 million in the previous week. The SBP received $500 million from the International Monetary Fund (IMF) during the week.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $21,073.9 million while net reserves held by banks amounted to $4,902.3 million.
Last month, the SBP received $918 million from multilateral, bilateral and other official sources, which included $500 million from the World Bank and $400 million from the Asian Development Bank.
Published in The Express Tribune, January 1st, 2016.