Week-on-week: Foreign reserves increase 2.86%
SBP’s liquid foreign exchange reserves increased by $247 million to $8,857 million
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a week-on-week increase of 2.86% on October 3, according to data released by the central bank on Thursday.
Published in The Express Tribune, October 10th, 2014.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a week-on-week increase of 2.86% on October 3, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves increased by $247 million to $8,857 million compared to $8,610 million in the previous week.
During the week, the SBP received $484 million from multilateral, bilateral, and other sources that include $364 million received on account of the Coalition Support Fund (CSF).
The SBP made payments of $133 million on account of external debt servicing and other official payments during the week.
Total liquid foreign reserves held by the country, including net foreign reserves held by banks other than the SBP, stood at $13,400.8 million while net foreign reserves held by banks amounted to $4,543.6 million on October 3.
Published in The Express Tribune, October 10th, 2014.