SBP’s reserves fall 7.18%, amount to $15.7b
Two months ago, the SBP received multilateral inflows of $317 million
PHOTO: EXPRESS
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 7.18% on a weekly basis, according to data released on Thursday.
On June 2, the foreign currency reserves held by the central bank were recorded at $15,706.6 million, decreasing $1,215.3 million or 7.18%, compared to $16,921.9 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 $20,515.7 million. Net reserves held by banks amounted to $4,809.1 million. During the week, the SBP made payments of $1,239 million on account of external debt servicing, which included principal repayment of $750 million against Pakistan’s sovereign bond.
Two months 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, June 9th, 2017.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 7.18% on a weekly basis, according to data released on Thursday.
On June 2, the foreign currency reserves held by the central bank were recorded at $15,706.6 million, decreasing $1,215.3 million or 7.18%, compared to $16,921.9 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 $20,515.7 million. Net reserves held by banks amounted to $4,809.1 million. During the week, the SBP made payments of $1,239 million on account of external debt servicing, which included principal repayment of $750 million against Pakistan’s sovereign bond.
Two months 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, June 9th, 2017.