PHOTO: EXPRESS
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.52% on a weekly basis on September 30, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves increased $96 million to $18,491 million compared to $18, 395 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 $23,612 million while net reserves held by banks amounted to $5,121 million.
The increase in SBP’s reserves is due to proceeds of $102 million received from IMF as the last tranche under EFF. Two weeks ago, the SBP made payments of $239 million on account of external debt servicing. Three and four weeks before, the SBP made similar payments of $296 million and $60 million, respectively.
Published in The Express Tribune, October 7th, 2016.
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