Pakistan

Foreign exchange: SBP’s reserves amount to $16.82b

SBP’s liquid foreign exchange reserves increased $4m to $16,820m compared to $16,816m in the previous week

Our Correspondent July 01, 2016

SBP’s liquid foreign exchange reserves increased $4m to $16,820m compared to $16,816m in the previous week. PHOTO: FILE

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) remained largely flat on a weekly basis on June 17, according to data released by the central bank on Thursday.

SBP’s liquid foreign exchange reserves increased $4 million to $16,820 million compared to $16,816 million in the previous week.

Last week, the SBP had received $370 million from multilateral, bilateral and other official sources, including $107 million received from the World Bank.

Foreign currency: SBP’s reserves increase 1.6% week-on-week

Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $21,765.8 million while net reserves held by banks amounted to $4,946.2 million. SBP-held foreign exchange reserves had increased 3.1% on a weekly basis on April 1 after the central bank received $978 million during the week from multilateral, bilateral and other official sources.

Published in The Express Tribune, July 1^st, 2016.

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