Central bank: Forex reserves rise $5.6 million
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. ILLUSTRATION: JAMAL KHURSHID
KARACHI:
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.
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.