SBP’s reserves rise 0.81%, amount to $15.4b

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.81% on a weekly basis, according to data released on Thursday.

On June 16, the foreign currency reserves held by the central bank were recorded at $15,420.8 million, up $124.5 million or 0.81%, compared to $15,296.3 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 $20,361 million. Net reserves held by banks amounted to $4,940.2 million. Two weeks ago, the SBP made payments of $1,239 million on account of external debt servicing.

Published in The Express Tribune, June 23^rd, 2017.

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