Foreign exchange: SBP reserves go up to $15.859 billion

Total liquid foreign reserves held by the country stood at $20,718.4 million


Our Correspondent March 18, 2016

KARACHI:


Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 1.2% on a weekly basis on March 11, according to data released by the central bank on Thursday.


SBP’s liquid foreign exchange reserves increased by $195 million to $15,859 million compared to $15,664 million in the previous week.


Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,718.4 million while net reserves held by banks amounted to $4,859.4 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 multilateral, bilateral and other official sources, which include $500 million received from the World Bank and $400 million from the ADB.

Published in The Express Tribune, March 18th, 2016.

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