Week-on-week: SBP’s reserves up $12 million
SBP received $58 million from multilateral, bilateral and other sources during the week
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) remained almost flat on a weekly basis on November 21, according to data released by the central bank on Thursday.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $13,219.9 million while net foreign reserves held by banks amounted to $4,713.5 million. Reserves were expected to increase by around $750-800 million following the sale of shares in OGDC on the London Stock Exchange.
Published in The Express Tribune, November 28th, 2014.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) remained almost flat on a weekly basis on November 21, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves increased by $12 million to $8,506 million compared to $8,494 million in the previous week. During the week, the SBP made payments of $195 million on account of external debt servicing and other official payments, including $141 million paid to the International Monetary Fund (IMF). The SBP received $58 million from multilateral, bilateral and other sources during the week.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $13,219.9 million while net foreign reserves held by banks amounted to $4,713.5 million. Reserves were expected to increase by around $750-800 million following the sale of shares in OGDC on the London Stock Exchange.
Published in The Express Tribune, November 28th, 2014.