![the increase was mainly attributed to the receipt of 756 million from the world bank the sbp said stock image the increase was mainly attributed to the receipt of 756 million from the world bank the sbp said stock image](https://i1.tribune.com.pk/wp-content/uploads/2015/07/913887-dollarReu-1435890956.jpg)
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 6.2% on a weekly basis on June 26, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves increased $772 million to $13,088 million as opposed to $12,316 million in the previous week. The increase was mainly attributed to the receipt of $756 million from the World Bank, the SBP said.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $18,201.5 million while net reserves held by banks amounted to $5,113.3 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 (CSF).
Published in The Express Tribune, July 3rd, 2015.
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