Foreign exchange: SBP’s reserves remain almost flat
Last month, foreign exchange reserves held by the SBP increased 3.5% on a weekly basis
PHOTO: AFP
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) remained almost flat on a weekly basis on February 19, according to data released by the central bank on Thursday. SBP’s liquid foreign exchange reserves decreased $36 million to $15,479 million compared to $15,515 million in the previous week. The decrease in reserves was due to payments of $35 million on account of external debt servicing.
Published in The Express Tribune, February 26th, 2016.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) remained almost flat on a weekly basis on February 19, according to data released by the central bank on Thursday. SBP’s liquid foreign exchange reserves decreased $36 million to $15,479 million compared to $15,515 million in the previous week. The decrease in reserves was due to payments of $35 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 $20,332.9 million while net reserves held by banks amounted to $4,854 million.
Last month, foreign exchange reserves held by the SBP increased 3.5% on a weekly basis.
Published in The Express Tribune, February 26th, 2016.