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
PHOTO: EXPRESS
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.
Pakistan looks at inflow of $2b as four auto companies get permission
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.
Pakistan’s debt burden high, deficit to exceed official projections: Moody’s
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 14th, 2017.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.33% on a weekly basis, according to data released on Thursday.
Pakistan looks at inflow of $2b as four auto companies get permission
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.
Pakistan’s debt burden high, deficit to exceed official projections: Moody’s
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 14th, 2017.