Foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a week-on-week decrease of 0.21% on September 26, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves decreased by $18 million to $8,610 million compared to $8,628 million in the previous week.
During the week, the SBP made payments of $144 million on account of external debt servicing and other official payments, including $143 million to the International Monetary Fund (IMF) under the Stand-by Arrangement. The SBP received $56 million from multilateral, bilateral and other sources during the week.
Total liquid foreign reserves held by the country, including net foreign reserves held by banks other than the SBP, stood at $13,210.5 million while net foreign reserves held by banks amounted to $4,600.7 million on September 26.
Published in The Express Tribune, October 3rd, 2014.
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