SBP’s reserves increase 0.07%, amount to $16.06b

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.07% on a weekly basis, according to data released on Thursday.

On April 28, the foreign currency reserves held by the central bank were recorded at $16,061.6 million, increasing $11.5 million or 0.07%, compared to $16,050.1 million in the previous week, according to the central bank.

Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $21,004.8 million. Net reserves held by banks amounted to $4,943.2 million.

Last week the reserves decreased due to external debt servicing and other official payments.

Three weeks ago, the SBP received multilateral inflows of $317 million and made payments of $118 million on account of external debt servicing and other official payments.

Published in The Express Tribune, May 5^th, 2017.

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