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.
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