Foreign exchange: SBP’s reserves decrease 0.13%, amount to $18.104b

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.13% on a weekly basis on July 8, according to data released by the central bank on Thursday.

SBP’s liquid foreign exchange reserves decreased $25 million to $18,104 million compared to $18,129 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 $23,062.9 million while net reserves held by banks amounted to $4,958.5 million.

Last week, SBP-held reserves increased 7.8% on a weekly basis after it 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 ADB. Last month, the SBP had received $370 million from multilateral, bilateral and other official sources.

Published in The Express Tribune, July 15^th, 2016.

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