Foreign exchange: SBP’s reserves down 0.66%, amount to $15.647 billion
PHOTO: AFP
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.66% on a weekly basis on January 22, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves decreased $105 million to $15,647 million as opposed to $15,752 million in the previous week. During the week, the central bank made payments of $109 million on account of external debt servicing.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,502.1 million while net reserves held by banks amounted to $4,855.3 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 various sources, which include $500 million from the World Bank and $400 million from the ADB.
Published in The Express Tribune, January 29th, 2016.