SBP’s reserves go beyond $17 billion
Net reserves held by banks amounted to $4,902 million
State Bank of Pakistan. PHOTO: EXPRESS
KARACHI:
After declining for three successive weeks, foreign exchange reserves held by the country’s central bank registered an increase, moving beyond the $17-billion mark.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.20% on a weekly basis on February 17, according to data released by the central bank on Thursday.
The SBP’s liquid foreign exchange reserves increased by $34.4 million to $17,027.8 million compared to $16,993.4 million in the previous week. Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, now stand at $21,929.8 million. Net reserves held by banks amounted to $4,902 million.
Last week SBP’s reserves declined on account of government debt and other payments. Over a week ago, the SBP made loan repayment of $500 million to the State Administration of Foreign Exchange (SAFE), China.
Published in The Express Tribune, February 24th, 2017.
After declining for three successive weeks, foreign exchange reserves held by the country’s central bank registered an increase, moving beyond the $17-billion mark.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.20% on a weekly basis on February 17, according to data released by the central bank on Thursday.
The SBP’s liquid foreign exchange reserves increased by $34.4 million to $17,027.8 million compared to $16,993.4 million in the previous week. Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, now stand at $21,929.8 million. Net reserves held by banks amounted to $4,902 million.
Last week SBP’s reserves declined on account of government debt and other payments. Over a week ago, the SBP made loan repayment of $500 million to the State Administration of Foreign Exchange (SAFE), China.
Published in The Express Tribune, February 24th, 2017.