KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 2.63% on a weekly basis on August 19, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves increased $467 million to $18,187 million compared to $17,720 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 $23,081.2 million while net reserves held by banks amounted to $4,894.4 million. Four 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.
Last month, the SBP had received $370 million from multilateral, bilateral and other official sources.
Published in The Express Tribune, August 26th, 2016.
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