Total liquid foreign reserves held by the country, which included net foreign reserves held by banks other than the SBP, stood at $8.01 billion on January 31. ILLUSTRATION: JAMAL KHURSHID
Foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a marginal increase of 0.17% during the week ended on January 31, according to data released by the SBP on Thursday.
The central bank’s foreign exchange reserves increased $5.6 million to $3.1 billion during the week.
Total liquid foreign reserves held by the country, which included net foreign reserves held by banks other than the SBP, stood at $8.01 billion on January 31, which was 0.3% higher than the corresponding figure reported for the week ended on January 24.
Net foreign reserves held by banks amounted to $4.8 billion on January 31, which was slightly higher than the comparable figure reported a week earlier. Pakistan
has to pay about $1.1 billion to the International Monetary Fund (IMF) in the remaining months of the current fiscal year.
Published in The Express Tribune, February 7th, 2014.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
1714129906-0/Clint-Eastwood-(1)1714129906-0-270x192.webp)
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ