Foreign exchange: SBP’s reserves decrease to $15.588 billion

The SBP received $918 million in November from multilateral, bilateral and other official sources


Our Correspondent March 31, 2016

KARACHI:


Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.2% on a weekly basis on March 25, according to data released by the central bank on Thursday.


SBP’s liquid foreign exchange reserves decreased $42 million to $15,588 million compared to $15,630 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 $20,423.6 million while net reserves held
by banks amounted to $4,835.6 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 Asian Development Bank.

Published in The Express Tribune, April 1st,  2016.

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