Foreign exchange: SBP’s reserves rise 0.12%, stand at $18.383b

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.12% on a weekly basis on January 20, according to data released by the central bank on Thursday.

The SBP’s liquid foreign exchange reserves increased $22.5 million to $18,383.5 million compared to $18,361 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 $23,246.2 million. Net reserves held by banks amounted to $4,862.7 million.

More than two month ago, the central bank had made payments of $60 million. Over three months ago, the SBP-held reserves had gone up 7.8% on a weekly basis after the bank received $1,340 million from multilateral sources including $501 million from the IMF, $502 million from the World Bank and $307 million from the ADB.

Published in The Express Tribune, January 27^th, 2017.

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