Foreign reserve: SBP’s reserves increase 0.52%, amount to $14.76b

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.52% on a weekly basis, according to data released by the central bank on Thursday.

On August 7, the foreign currency reserves held by the central bank were recorded at $14,758.4 million, up $77 million or 0.52%, compared to $14,681 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 $20,585.2 million. Net reserves held by banks amounted to $5,826.8 million.

More than a month ago, foreign currency reserves increased due to official inflows including $622 million from the Asian Development Bank (ADB) and $106 million from the World Bank.

Published in The Express Tribune, September 15^th, 2017.

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