Foreign currency: SBP reserves fall 0.22%    

During the week, the SBP made payments of $83 million on account of external debt servicing


Our Correspondent July 28, 2016

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.22% on a weekly basis on July 22, according to data released by the central bank on Thursday.

SBP’s liquid foreign exchange reserves decreased $40 million to $18,037 million compared to $18,077 million in the preceding week.

During the week, the SBP made payments of $83 million on account of external debt servicing.

Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $22,996.6 million while net reserves held by banks amounted to $4,959.7 million. Three weeks ago, the 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.

Published in The Express Tribune, July 29th, 2016.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ