Foreign exchange: SBP’s reserves reach $13.767b

Total liquid foreign reserves held by the country stood at $18,822.1 million

KARACHI:

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 2.8% on a weekly basis on July 31, according to data released by the central bank on Thursday.

SBP’s liquid foreign exchange reserves increased $381 million to $13,767 million as opposed to $13,386 million in the previous week. This increase is attributed to official inflows of $418 million, which include receipts of $337 million under the Coalition Support Fund (CSF).

Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $18,822.1 million while net reserves held by banks amounted to $5,055.3 million.

In the week ending on July 3, SBP-held foreign exchange reserves increased 3.8% mainly because of the receipt of $514 million from multilateral and bilateral sources, which included $506 million received from the IMF under the Extended Fund Facility.

Published in The Express Tribune, August 7^th,  2015.

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