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

Net reserves held by banks amounted to $5,826.8 million

Our Correspondent September 15, 2017

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.

Foreign exchange: SBP's reserves continue to decline, stand at $14.31b

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 15th, 2017.

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