Foreign exchange: SBP’s reserves increase to $12,565m
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $17,717.6 million while net foreign reserves held by banks amounted to $5,152.5 million. PHOTO: REUTERS
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 1.6% on a weekly basis on April 24, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves increased $201 million to $12,565 million compared to $12,364 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 $17,717.6 million while net foreign reserves held by banks amounted to $5,152.5 million.
Last week, foreign exchange reserves held by the SBP increased 5.1% mainly because of the receipt of HBL privatisation proceeds.
Reserves went up by almost 4% two weeks ago following the receipt of $538 million from multilateral, bilateral and other sources, including $498 million received from the IMF.
They increased significantly in February when the SBP received $717 million on account of the Coalition Support Fund (CSF).
Published in The Express Tribune, May 1st, 2015.