Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 1% on a weekly basis on January 30, according to data released by the central bank on Friday.
SBP’s liquid foreign exchange reserves increased by $110 million to $10,359 million compared to $10,249 million in the previous week.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $15,159.2 million while net foreign reserves held by banks amounted to $4,800.3 million.
Pakistan’s foreign exchange reserves recorded a rapid rise in the last month of 2014 when the SBP received $1,221 million from multilateral, bilateral and other sources.
This was preceded by another 10.6% weekly rise in the SBP’s liquid foreign reserves in the same month.
Published in The Express Tribune, February 7th, 2015.
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