SBP’s liquid foreign exchange reserves increased $65 million to $11,272 million as opposed to $11,207 million in the previous week. STOCK IMAGE
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.5% on a weekly basis on March 6, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves increased $65 million to $11,272 million as opposed to $11,207 million in the previous week.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, currently stand at $ 16,284.2 million while net foreign reserves held by banks amounted to $5,012.3 million.
Reserves are likely to increase further soon because of the $550 million tranche approval from the International Monetary
Fund (IMF).
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.
Published in The Express Tribune, March 13th, 2015.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ