SBP’s reserves increase 0.33%, amount to $16.2b

In January, the SBP made a loan repayment of $500 million to the State Administration of Foreign Exchange, China

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.33% on a weekly basis, according to data released on Thursday.



On July 7, the foreign currency reserves held by the central bank were recorded at $16,197.3 million, up $54 million or 0.33%, compared to $16,143.3 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 $ 21,447.6 million. Net reserves held by banks amounted to $5,250.3 million. Two week ago foreign reserves increased due 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, July 14^th, 2017.

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