SBP’s reserves rise 6.19%, amount to $16.3b
In January, the SBP made a loan repayment of $500 million
PHOTO: EXPRESS
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 6.19% on a weekly basis, according to data released on Thursday.
On June 23, the foreign currency reserves held by the central bank were recorded at $16,376 million, up $955.2 million or 6.19%, compared to $15,420.8 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 $21,358 million. Net reserves held by banks amounted to $4,982 million. The increase has been attributed to official inflows including $622 million from ADB and $106 million from World Bank.
In January, the SBP made a loan repayment of $500 million to the State Administration of Foreign Exchange (SAFE), China.
Published in The Express Tribune, June 30th, 2017.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 6.19% on a weekly basis, according to data released on Thursday.
On June 23, the foreign currency reserves held by the central bank were recorded at $16,376 million, up $955.2 million or 6.19%, compared to $15,420.8 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 $21,358 million. Net reserves held by banks amounted to $4,982 million. The increase has been attributed to official inflows including $622 million from ADB and $106 million from World Bank.
In January, the SBP made a loan repayment of $500 million to the State Administration of Foreign Exchange (SAFE), China.
Published in The Express Tribune, June 30th, 2017.