PHOTO: FILE
Foreign exchange reserves held by the State Bank of Pakistan (SBP) remained almost flat on a weekly basis on August 14, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves decreased $13 million to clock in at $13,615 million compared to $13,628 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 $18,655 million while net reserves held by banks amounted to $5,039.8 million.
In the week ending July 31, SBP’s liquid foreign exchange reserves increased 2.8% to $13,767 million because of official inflows of $418 million, which included receipts of $337 million under the Coalition Support Fund.
Published in The Express Tribune, August 21st, 2015.
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