Foreign exchange: SBP’s reserves reach $13.767b
Total liquid foreign reserves held by the country stood at $18,822.1 million
PHOTO: FILE
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.
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 7th, 2015.
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 7th, 2015.