Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.2% on a weekly basis on May 8, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves increased by $33 million to $12,550 million compared to $12,517 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 $17,739.3 million while net foreign reserves held by banks amounted to $5,189.4 million.
Three weeks ago, foreign exchange reserves held by the SBP increased 5.1% because of the receipt of HBL privatisation proceeds.
Reserves went up by almost 4% last month following the receipt of $538 million from multilateral, bilateral and other sources, including $498 million from the IMF.
Published in The Express Tribune, May 15th, 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