Week-on-week: Foreign reserves down 1.9%
Central bank data shows country’s total reserves stand at $13,305m.
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a week-on-week decrease of 1.9% on September 19, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves decreased by $168 million to $8,628 million compared to $8,796 million in the previous week.
During the week, the SBP made payments of $295 million on account of external debt servicing and other official payments, including $56 million paid to the International Monetary Fund (IMF).
The SBP received $77 million from multilateral, bilateral and other sources, including $60 million from the Asian Development Bank (ADB), during the week.
Total liquid foreign reserves held by the country, including net foreign reserves held by banks other than the SBP, stood at $13,305 million while net foreign reserves held by banks amounted to $4,677.3 million on September 19.
Published in The Express Tribune, September 26th, 2014.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a week-on-week decrease of 1.9% on September 19, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves decreased by $168 million to $8,628 million compared to $8,796 million in the previous week.
During the week, the SBP made payments of $295 million on account of external debt servicing and other official payments, including $56 million paid to the International Monetary Fund (IMF).
The SBP received $77 million from multilateral, bilateral and other sources, including $60 million from the Asian Development Bank (ADB), during the week.
Total liquid foreign reserves held by the country, including net foreign reserves held by banks other than the SBP, stood at $13,305 million while net foreign reserves held by banks amounted to $4,677.3 million on September 19.
Published in The Express Tribune, September 26th, 2014.