Week-on-week: Forex reserves increase 1.2%
SBP’s liquid foreign exchange reserves increased by $103 million to $8,796 million
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a week-on-week increase of 1.2% on September 12, according to data released by the central bank on Thursday.
Total liquid foreign reserves held by the country, including net foreign reserves held by banks other than the SBP, stood at $13,525.2 million while net foreign reserves held by banks amounted to $4,729.7 million on September 12.
Published in The Express Tribune, September 19th, 2014.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a week-on-week increase of 1.2% on September 12, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves increased by $103 million to $8,796 million compared to $8,693 million in the previous week.
During the week, the SBP received $23 million from multilateral, bilateral and other sources. The central bank made payments of $25 million on account of external debt during the week.
Total liquid foreign reserves held by the country, including net foreign reserves held by banks other than the SBP, stood at $13,525.2 million while net foreign reserves held by banks amounted to $4,729.7 million on September 12.
Published in The Express Tribune, September 19th, 2014.