Foreign exchange: SBP’s reserves shoot past $16 billion
The SBP received during the week $978 million from multilateral, bilateral and other official sources
PHOTO: AFP
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 3.1% on a weekly basis on April 1, according to data released by the central bank on Thursday night.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,884.9 million while net reserves held by banks amounted to $4,806.8 million.
Published in The Express Tribune, April 8th, 2016.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 3.1% on a weekly basis on April 1, according to data released by the central bank on Thursday night.
SBP’s liquid foreign exchange reserves increased by $490 million to $16,078 million compared to $15,588 million in the previous week.
The SBP received during the week $978 million from multilateral, bilateral and other official sources, including $503 million received from the IMF under EFF and $408 million as financing for the government. The SBP made payments of $602 million on account of external debt servicing, which included repayment of $518 million against Pakistan Sovereign Bond.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,884.9 million while net reserves held by banks amounted to $4,806.8 million.
Published in The Express Tribune, April 8th, 2016.