Foreign exchange: SBP’s reserves rise 0.07% to $13.86b

Published: November 10, 2017
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KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.07% on a weekly basis, according to data released by the central bank on Thursday.

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On November 3, foreign currency reserves held by the central bank were recorded at $13,861.2 million, up $14 million or 0.07% compared to $13,846.7 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 $19,912.1 million. Net reserves held by banks amounted to $6,050.9 million.

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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, November 10th, 2017.

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