Foreign exchange SBP’s reserves reach $12.316b

Total liquid foreign reserves held by the country, including net reserves held by non-SBP banks, stood at $17,457.1m

KARACHI:

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.2% on a weekly basis on June 19, according to data released by the central bank on Thursday. SBP’s liquid foreign exchange reserves increased $32 million during the week to stand at $12,316 million as opposed to $12,284 million in the preceding week.

Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $17,457.1 million while net reserves held by banks amounted to $5,141.5 million.

In April, foreign exchange reserves held by the SBP increased 5.1% because of the receipt of HBL’s privatisation proceeds.

Reserves went up by almost 4% in April following the receipt of $538 million from multilateral, bilateral and other sources, including $498 million from the IMF.

They increased significantly in February when the SBP got $717 million on account of the Coalition Support Fund.

Published in The Express Tribune, June 26^th, 2015.

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