Foreign currency: Reserves held by SBP up 7.8% week-on-week
During the week, the SBP made payments of $50 million on account of external debt servicing
Last month, the SBP had received $370 million from multilateral, bilateral and other official sources including $107 million from the World Bank. Total liquid foreign reserves held by the country. PHOTO: AFP
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 7.8% on a weekly basis on July 1, according to data released by the central bank on Monday.
SBP’s liquid foreign exchange reserves increased $1,309 million to $18,129 million compared to $16,820 million in the previous week.
During the week, the SBP received $1,340 million from multilateral, bilateral and other official sources that included $501 million from the IMF, $502 million from the World Bank and $307 million from the Asian Development Bank.
During the week, the SBP made payments of $50 million on account of external debt servicing.
Last month, the SBP had received $370 million from multilateral, bilateral and other official sources including $107 million from the World Bank. Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $23,084.9 million while net reserves held by banks amounted to $4,956 million.
Published in The Express Tribune, July 12th, 2016.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 7.8% on a weekly basis on July 1, according to data released by the central bank on Monday.
SBP’s liquid foreign exchange reserves increased $1,309 million to $18,129 million compared to $16,820 million in the previous week.
During the week, the SBP received $1,340 million from multilateral, bilateral and other official sources that included $501 million from the IMF, $502 million from the World Bank and $307 million from the Asian Development Bank.
During the week, the SBP made payments of $50 million on account of external debt servicing.
Last month, the SBP had received $370 million from multilateral, bilateral and other official sources including $107 million from the World Bank. Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $23,084.9 million while net reserves held by banks amounted to $4,956 million.
Published in The Express Tribune, July 12th, 2016.